Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0221%/8h= +24.3% APRpaid last 24h +0.056%

Price spread now: Bybit against Injective+1.982%88s7-day average +3.620% · you sell dearer than you buy

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+2.188%+$219 · spread now +1.982%, 7d avg +3.620%

Together, before fees+2.364%+$236 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 1.638% cheaper against Injective than usual: you would sell low and buy high (spread +1.982% now, against its 7-day average of +3.620%). If the spread goes back, that is −$164 on $10k: about 25 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.176% in total) that is about 2 months. The two prices were read 88 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	Injective CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	59m 47s	$5	$129K	5.5x
Short	Bybit CROUSDT	0.06690	0.0255	get 0.0255% / 8h	2h 59m	$6.3M	$5.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now +1.982%Rate

Funding earned: $46.51
Price spread: +1.982% → +3.620%: −$163.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.29
Costs to cover: 0.110%
Break-even: 26.3 days

Slippage unknown: Injective: no order-book sample; Bybit: 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	2.97 bp	24.8 bp −$25	115.9 bp −$1,159	doesn't fit	doesn't fit

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 PERPlong	+0.0033%	1h	0.06560	long leg	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06688	+1.951%	$2.2M	$4.6M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06689	+1.966%	$852K	$316K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06692	+2.012%	$8.8M	$1.4M	200x	as long as short
Bitget CROUSDT	+0.0157%	8h	0.06693	+2.027%	$3.0M	$2.1M	25x	as long as short
GMX CRO/USD [WBTC.b-USDC]	L +0.0173% / S −0.0036%	1h	0.06691	+1.994%	$32K	—	100x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06721	+2.454%	$152K	$360K	20x	as long as short
Bybit CROUSDTshort	+0.0255%	8h	0.06690	+1.982%	$6.3M	$5.6M	25x
BingX CRO-USDT	+0.0262%	8h	0.06690	+1.982%	—	$2.5M	—	as long as short
Lighter CRO	+0.0288%	1h	0.06703	+2.180%	$49K	$39K	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	+0.0564%	8h	0.06724	+2.505%	$160K	$161K	—	as long as short
KuCoin CROUSDTM	+0.1709%	8h	0.06645	+1.296%	$3.6M	$675K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2728%	1h	0.06704	+2.195%	$57K	$29K	10x	as long as short