Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.003%

Price spread now: QFEX against Aster−0.172%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.172% cheaper against Aster than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 44 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	182.93	0	get 0.0000% / 8h	1h 11m	$37K	$10K	20x
Short	QFEX CRDO-USD	182.62	0.0013	get 0.0002% / 1h	11m 04s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $2.72
Price spread: −0.172% → 0.000%: −$17.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.48
Costs to cover: 0.180%
Break-even: 90.5 days

Slippage unknown: Aster: no order-book sample; QFEX: 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.09 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.1689%	8h	182.86	−0.041%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDTlong	0.0000%	8h	182.93	long leg	$37K	$10K	20x
Binance CRDOUSDT	0.0000%	8h	182.72	−0.117%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.86	−0.041%	$685K	$748K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.67	−0.145%	$911K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.70	−0.128%	$627K	$140K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.60	−0.181%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.67	−0.145%	$354	$136K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.56	−0.205%	$1K	$488K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	182.36	−0.314%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USDshort	+0.0013%	1h	182.62	−0.172%	$1.1M	$2.3M	10x
Extended CRDO_24_5-USD	+0.0040%	1h	182.80	−0.074%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.80	−0.074%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.68	−0.139%	$192K	$835K	20x	as long as short
Paragon para:CRDO	+0.1009%	1h	183.19	+0.140%	$1.3M	$482K	10x	as long as short