Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against SunX+0.053%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1601.602% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.053%, 7d avg 0.000%

Together, before fees+0.176%+$18 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: OKX is 0.053% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	188.63	0	get 0.0000% / 8h	36m 16s	$1K	$620K	10x
Short	OKX CRDO-USDT-SWAP	188.73	0	get 0.0000% / 8h	36m 16s	$888K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: −$142.19
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$154.91
Costs to cover: 1.602%
Break-even: never at this rate

Slippage from SunX: live order book, 25 min ago; OKX: 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, 25 min ago	46.81 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	6.63 bp	14.2 bp −$14	31.4 bp −$314	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	−0.0027%	1h	188.70	+0.037%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.64	+0.004%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.66	+0.016%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.71	+0.042%	$731K	$818K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	188.73	+0.053%	$888K	$1.6M	20x
Gate CRDO_USDT	0.0000%	8h	188.63	0.000%	$656K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.67	+0.021%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.67	+0.023%	$201K	$34K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.49	−0.075%	$746	$141K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	188.63	long leg	$1K	$620K	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	188.67	+0.021%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.65	+0.011%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.78	+0.080%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.56	−0.037%	$191K	$922K	20x	as long as short
Paragon para:CRDO	+0.0418%	1h	188.65	+0.011%	$937K	$252K	10x	as long as short