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: Bybit against Variational Omni+0.136%7-day average +0.072% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.599%−$60 · spread now +0.136%, 7d avg +0.072%

Together, before fees−0.577%+ Points / potential airdropVariational Omni: Active · farm board−$58 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: Bybit is 0.063% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	182.79	0	get 0.0000% / 8h	12m 55s	$198K	$133K	—
Short	Bybit CRDOUSDT	183.04	0	get 0.0000% / 8h	12m 55s	$689K	$750K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.072%: $6.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.66
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Bybit: live order book, 22 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, 26 min ago	4.91 bp	doesn't fit	109.6 bp −$1,096	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	4.64 bp	35.8 bp −$36	166.8 bp −$1,668	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
Bitget CRDOUSDT	−0.1076%	8h	183.13	+0.185%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	182.80	+0.005%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.03	+0.132%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.92	+0.071%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	183.04	+0.136%	$689K	$750K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	183.18	+0.212%	$908K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	183.17	+0.207%	$629K	$138K	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	182.79	long leg	$198K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.83	+0.020%	$631	$135K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.86	+0.037%	$980	$481K	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	183.12	+0.180%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.41	+0.338%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.91	+0.065%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.98	+0.103%	$191K	$820K	20x	as long as short
Paragon para:CRDO	+0.1006%	1h	183.03	+0.130%	$1.3M	$479K	10x	as long as short