Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.406%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$2302.304% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.406%, 7d avg +0.038%

Together, before fees−0.378%−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.369% dearer against SunX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	187.08	0	get 0.0000% / 8h	3h 45m	$1K	$516K	10x
Short	Gate CRDO_USDT	187.84	0	get 0.0000% / 8h	3h 45m	$653K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee GatebpOrdersPrice spread, now +0.406%Rate

Funding earned: $0
Price spread: +0.406% → +0.038%: $36.86
Slippage, 4 orders: −$207.35
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$193.5
Costs to cover: 2.304%
Break-even: never at this rate

Slippage from SunX: live order book, 36 min ago; Gate: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 36 min ago	46.69 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	5.58 bp	69.3 bp −$69	doesn't fit	doesn't fit	doesn't fit

CRDO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	−0.0009%	1h	187.68	+0.321%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.83	+0.401%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.68	+0.319%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.81	+0.390%	$712K	$730K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.75	+0.358%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	187.84	+0.406%	$653K	$120K	20x
Bitget CRDOUSDT	0.0000%	8h	187.72	+0.342%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.72	+0.343%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.59	+0.273%	$790	$115K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	187.08	long leg	$1K	$516K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	187.81	+0.390%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.80	+0.385%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.79	+0.380%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.71	+0.337%	$195K	$864K	20x	as long as short
Paragon para:CRDO	+0.1311%	1h	188.07	+0.529%	$1.3M	$460K	10x	as long as short