Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Gate+0.352%54s7-day average −3.490% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−4.434%−$443 · spread now +0.352%, 7d avg −3.490%

Together, before fees−4.574%−$457 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.842% dearer against Gate than usual: you sell high and buy low (spread +0.352% now, against its 7-day average of −3.490%): +$384 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRO_USDT	0.06537	0.0100	pay 0.0100% / 8h	1h 34m	$835K	$336K	25x
Short	Injective CRO/USDC PERP	0.06560	0.0033	get 0.0004% / 1h	34m 29s	$5	$129K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.352%Rate

Funding earned: −$14
Price spread: +0.352% → −3.490%: $384.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $355.2
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 7 min ago; Injective: 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 Gate live order book, 7 min ago	16.00 bp	47.5 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

CRO on 13 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
Injective CRO/USDC PERPshort	+0.0033%	1h	0.06560	+0.352%	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06543	+0.092%	$2.2M	$4.6M	20x	as long as short
Gate CRO_USDTlong	+0.0100%	8h	0.06537	long leg	$835K	$336K	25x
MEXC CRO_USDT	+0.0100%	8h	0.06542	+0.076%	$8.9M	$1.4M	200x	as long as short
Bitget CROUSDT	+0.0100%	8h	0.06541	+0.061%	$2.9M	$2.1M	25x	as long as short
GMX CRO/USD [WBTC.b-USDC]	L +0.0170% / S −0.0036%	1h	0.06540	+0.049%	$31K	—	100x	as long as short
BingX CRO-USDT	+0.0213%	8h	0.06540	+0.046%	—	$2.6M	—	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06551	+0.214%	$149K	$373K	20x	as long as short
Bybit CROUSDT	+0.0225%	8h	0.06548	+0.168%	$6.2M	$5.7M	25x	as long as short
Lighter CRO	+0.0264%	1h	0.06555	+0.275%	$49K	$40K	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRO	+0.0501%	8h	0.06553	+0.243%	$143K	$176K	—	as long as short
KuCoin CROUSDTM	+0.1588%	8h	0.06505	−0.490%	$3.5M	$706K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2502%	1h	0.06551	+0.220%	$56K	$28K	10x	as long as short