Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.098%

Price spread now: QFEX against Bitget+0.075%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days−0.165%−$17 · spread now +0.075%, 7d avg −0.094%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.170% dearer against Bitget than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.094%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	185.86	0	get 0.0000% / 8h	4h 47m	$1.8M	$1.9M	20x
Short	QFEX CRDO-USD	186.00	−0.0043	pay 0.0005% / 1h	47m 04s	$1.1M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$9.02
Price spread: +0.075% → −0.094%: $16.98
Slippage, 4 orders: −$38.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$52.37
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 3 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 Bitget live order book, 3 min ago	9.98 bp	22.7 bp −$23	89.5 bp −$895	222.0 bp −$22.2K	doesn't fit
Sell QFEX live order book, 3 min ago	1.35 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

CRDO on 15 exchanges

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
QFEX CRDO-USDshort	−0.0043%	1h	186.00	+0.075%	$1.1M	$2.2M	10x
Aster CRDOUSDT	0.0000%	8h	185.68	−0.096%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	185.67	−0.102%	$4.2M	$10.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	185.81	−0.027%	$683K	$715K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	185.78	−0.043%	$967K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	185.67	−0.102%	$643K	$140K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	185.86	long leg	$1.8M	$1.9M	20x
Variational Omni CRDO	0.0000%	8h	186.18	+0.170%	$203K	$131K	—	as long as short
SunX CRDO-USDT	0.0000%	8h	185.95	+0.048%	$1K	$376K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	185.97	+0.059%	$8K	$41K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRDO_24_5-USD	+0.0040%	1h	185.65	−0.110%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	185.96	+0.054%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	185.86	0.000%	$193K	$974K	20x	as long as short
GRVT CRDO_USDT_Perp	+0.0408%	8h	185.62	−0.129%	$310	$135K	10x	as long as short
Paragon para:CRDO	+0.0668%	1h	186.05	+0.102%	$1.3M	$509K	10x	as long as short