Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.139%

Price spread now: Bybit against Gate−0.016%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1021.016% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.016%, 7d avg +0.059%

Together, before fees+0.326%+$33 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: Bybit is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	187.09	0	get 0.0000% / 8h	4h 05m	$652K	$146K	20x
Short	Bybit CRDOUSDT	187.06	0	get 0.0000% / 8h	4h 05m	$775K	$820K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.059%: −$7.5
Slippage, 4 orders: −$75.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.07
Costs to cover: 1.016%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 24 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 Gate live order book, 25 min ago	8.28 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 24 min ago	5.07 bp	22.3 bp −$22	148.6 bp −$1,486	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	−0.0001%	1h	186.92	−0.091%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	186.95	−0.076%	$38K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	186.99	−0.053%	$4.2M	$8.8M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	187.06	−0.016%	$775K	$820K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	187.16	+0.037%	$880K	$1.7M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	187.09	long leg	$652K	$146K	20x
Bitget CRDOUSDT	0.0000%	8h	187.06	−0.016%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.40	+0.165%	$201K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.05	+0.512%	$628	$159K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.98	−0.059%	$552	$674K	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	187.17	+0.043%	$8K	$37K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	186.96	−0.070%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	186.89	−0.107%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.86	−0.123%	$188K	$962K	20x	as long as short
Paragon para:CRDO	+0.0517%	1h	186.90	−0.103%	$957K	$212K	10x	as long as short