Funding arb · Price arb /

CRDO

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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: SunX against Bybit−0.242%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1741.745% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.242%, 7d avg −0.094%

Together, before fees+0.045%+$5 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: SunX is 0.149% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	181.81	0	get 0.0000% / 8h	1h 25m	$694K	$784K	25x
Short	SunX CRDO-USDT	181.37	0	get 0.0000% / 8h	1h 25m	$1K	$497K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → −0.094%: −$14.85
Slippage, 4 orders: −$155.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$189.31
Costs to cover: 1.745%
Break-even: never at this rate

Slippage from Bybit: live order book, 14 min ago; SunX: live order book, 35 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, 14 min ago	3.59 bp	19.7 bp −$20	160.5 bp −$1,605	doesn't fit	doesn't fit
Sell SunX live order book, 35 min ago	47.64 bp	66.6 bp −$67	doesn't fit	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	−0.1970%	8h	181.84	+0.017%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.86	+0.028%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	181.75	−0.033%	$4.0M	$9.4M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	181.81	long leg	$694K	$784K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	181.89	+0.044%	$913K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.75	−0.033%	$624K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.59	−0.119%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.08	−0.402%	$460	$134K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	181.37	−0.242%	$1K	$497K	10x
HTX CRDO-USDT	0.0000%	8h	181.47	−0.187%	$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	181.68	−0.072%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.16	+0.195%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.73	−0.044%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.70	−0.061%	$192K	$838K	20x	as long as short
Paragon para:CRDO	+0.1048%	1h	182.29	+0.264%	$1.2M	$488K	10x	as long as short