Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Extended against Bybit+0.003%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	189.43	0	get 0.0000% / 8h	4h 13m	$717K	$729K	25x
Short	Extended CRDO_24_5-USD	189.44	0.0040	get 0.0005% / 1h	13m 47s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $8.4
Price spread: +0.003% → 0.000%: $0.26
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.34
Costs to cover: 0.160%
Break-even: 13.1 days

Slippage unknown: Bybit: live order book, 41 min ago; Extended: no order-book sample. 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 Bybit live order book, 41 min ago	3.16 bp	16.8 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
QFEX CRDO-USD	−0.0026%	1h	189.27	−0.084%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.48	+0.026%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.33	−0.053%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	189.43	long leg	$717K	$729K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.43	0.000%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.37	−0.032%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.48	+0.026%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.30	−0.068%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.42	−0.005%	$396	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.43	−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	−0.169%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USDshort	+0.0040%	1h	189.44	+0.003%	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	189.34	−0.048%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.30	−0.069%	$197K	$878K	20x	as long as short
Paragon para:CRDO	+0.1547%	1h	189.57	+0.076%	$1.3M	$460K	10x	as long as short