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: Bitget against Bybit+0.032%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$690.695% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.325%−$33 · spread now +0.032%, 7d avg −0.017%

Together, before fees−0.344%−$34 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: Bitget is 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	189.42	0	get 0.0000% / 8h	4h 14m	$717K	$729K	25x
Short	Bitget CRDOUSDT	189.48	0	get 0.0000% / 8h	4h 14m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.017%: $4.85
Slippage, 4 orders: −$46.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.64
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Bybit: live order book, 40 min ago; Bitget: live order book, 2 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, 40 min ago	3.16 bp	16.8 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.58 bp	13.8 bp −$14	34.7 bp −$347	132.1 bp −$13.2K	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	189.26	−0.084%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.46	+0.022%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.28	−0.074%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	189.42	long leg	$717K	$729K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.43	+0.005%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.45	+0.016%	$658K	$120K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	189.48	+0.032%	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	189.30	−0.062%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.42	0.000%	$396	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.42	−0.528%	$1K	$513K	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	189.11	−0.164%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.41	−0.008%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.33	−0.048%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.30	−0.063%	$196K	$879K	20x	as long as short
Paragon para:CRDO	+0.1571%	1h	189.52	+0.053%	$1.3M	$460K	10x	as long as short