Funding arb · Price arb /

CRDO

RWAall CRDO markets

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 Binance−0.028%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1071.070% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.028%, 7d avg +0.080%

Together, before fees+0.173%+$17 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 0.107% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRDOUSDT	181.01	0	get 0.0000% / 8h	1h 46m	$4.0M	$9.4M	20x
Short	Bybit CRDOUSDT	180.96	0	get 0.0000% / 8h	1h 46m	$696K	$777K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.080%: −$10.72
Slippage, 4 orders: −$86
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$117.72
Costs to cover: 1.070%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 58 min ago.

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 Binance live order book, 8 min ago	2.75 bp	17.5 bp −$17	61.0 bp −$610	217.5 bp −$21.7K	doesn't fit
Sell Bybit live order book, 58 min ago	6.53 bp	49.9 bp −$50	165.9 bp −$1,659	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	−0.1851%	8h	181.27	+0.144%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.13	+0.064%	$36K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	181.01	long leg	$4.0M	$9.4M	20x
Bybit CRDOUSDTshort	0.0000%	8h	180.96	−0.028%	$696K	$777K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	181.13	+0.066%	$913K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.03	+0.011%	$621K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.99	+0.544%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.88	+0.481%	$593	$132K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	180.83	−0.099%	$1K	$506K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	181.75	+0.409%	$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-USD	+0.0013%	1h	180.87	−0.077%	$1.1M	$2.4M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.10	+0.052%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	180.96	−0.028%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	180.98	−0.017%	$194K	$838K	20x	as long as short
Paragon para:CRDO	+0.0861%	1h	181.12	+0.061%	$1.2M	$488K	10x	as long as short