Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest−0.093%7-day average — · you buy dearer than you sell

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

Long on Vest Short on OKX

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 airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.093% cheaper against Vest than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	183.02	0.0046	pay 0.0006% / 1h	8m 54s	—	—	5x
Short	OKX CRDO-USDT-SWAP	182.85	0	get 0.0000% / 8h	2h 08m	$922K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Vest. 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 VestbpFee OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$9.59
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	7.11 bp	17.5 bp −$18	43.4 bp −$434	doesn't fit	doesn't fit

Vest: 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
Bitget CRDOUSDT	−0.1947%	8h	182.99	−0.016%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	183.16	+0.076%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.00	−0.011%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.89	−0.072%	$4.0M	$9.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.92	−0.055%	$704K	$773K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	182.85	−0.093%	$922K	$1.6M	20x
Gate CRDO_USDT	0.0000%	8h	182.94	−0.044%	$628K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.82	−0.110%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.83	−0.104%	$545	$131K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	−0.535%	$735	$508K	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	182.94	−0.044%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.88	−0.076%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	183.02	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	182.96	−0.033%	$194K	$843K	20x	as long as short
Paragon para:CRDO	+0.0924%	1h	183.37	+0.191%	$1.3M	$488K	10x	as long as short