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: Binance against Bybit−0.027%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Bybit Short on Binance

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)−0.194%−$19 · spread now −0.027%, 7d avg −0.081%

Together, before fees−0.184%−$18 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: Binance is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	189.67	0	get 0.0000% / 8h	4h 39m	$718K	$737K	25x
Short	Binance CRDOUSDT	189.62	0	get 0.0000% / 8h	4h 39m	$4.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.081%: $5.4
Slippage, 4 orders: −$41.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.68
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Bybit: live order book, 15 min ago; Binance: live order book, 15 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 Bybit live order book, 15 min ago	3.16 bp	16.8 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.79 bp	11.2 bp −$11	43.4 bp −$434	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
QFEX CRDO-USD	−0.0026%	1h	189.57	−0.053%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.77	+0.052%	$38K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	189.62	−0.027%	$4.2M	$8.1M	20x
Bybit CRDOUSDTlong	0.0000%	8h	189.67	long leg	$718K	$737K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.60	−0.037%	$918K	$1.3M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.68	+0.005%	$659K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.64	−0.016%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.56	−0.055%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.57	−0.052%	$444	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.48	−0.100%	$932	$514K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	189.59	−0.042%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.57	−0.053%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.71	+0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.61	−0.032%	$197K	$886K	20x	as long as short
Paragon para:CRDO	+0.1699%	1h	190.06	+0.206%	$1.3M	$460K	10x	as long as short