Funding arb · Price arb /

CRDO

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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 −0.076%

Price spread now: Aster against Variational Omni+0.111%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.111% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	187.67	0	get 0.0000% / 8h	1h 07m	$200K	$34K	—
Short	Aster CRDOUSDT	187.88	0	get 0.0000% / 8h	1h 07m	$38K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → 0.000%: $11.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $3.07
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Aster: no order-book sample. Net counts fees only.

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 Variational Omni RFQ quote, 12 min ago	5.69 bp	doesn't fit	69.3 bp −$693	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0001%	1h	187.62	−0.029%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDTshort	0.0000%	8h	187.88	+0.111%	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	187.56	−0.061%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.73	+0.029%	$727K	$841K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.94	+0.141%	$884K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.84	+0.088%	$654K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.84	+0.088%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	187.67	long leg	$200K	$34K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	187.86	+0.100%	$787	$143K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.70	+0.014%	$1K	$633K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	187.75	+0.040%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.78	+0.056%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.76	+0.045%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.72	+0.024%	$192K	$935K	20x	as long as short
Paragon para:CRDO	+0.0450%	1h	187.75	+0.039%	$933K	$252K	10x	as long as short