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: Binance against Variational Omni−0.147%7-day average −0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.147%, 7d avg −0.007%

Together, before fees+0.372%+ Points / potential airdropVariational Omni: Active · farm board+$37 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: Binance is 0.141% cheaper against Variational Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	187.95	0	get 0.0000% / 8h	3h 47m	$220K	$59K	—
Short	Binance CRDOUSDT	187.67	0	get 0.0000% / 8h	3h 47m	$4.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.007%: −$14.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Binance: live order book, 6 min ago. 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, 6 min ago	5.26 bp	doesn't fit	91.4 bp −$914	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.33 bp	15.4 bp −$15	58.2 bp −$582	165.2 bp −$16.5K	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	187.59	−0.190%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.66	−0.152%	$38K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	187.67	−0.147%	$4.2M	$8.1M	20x
Bybit CRDOUSDT	0.0000%	8h	187.79	−0.084%	$712K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.85	−0.052%	$948K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.74	−0.110%	$652K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.76	−0.100%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	187.95	long leg	$220K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	188.34	+0.209%	$793	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.84	−0.589%	$1K	$516K	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	187.41	−0.286%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.84	−0.054%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.62	−0.174%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.70	−0.131%	$195K	$865K	20x	as long as short
Paragon para:CRDO	+0.1227%	1h	188.01	+0.035%	$1.3M	$460K	10x	as long as short