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: Variational Omni against HTX+0.060%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.060% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRDO-USDT	190.74	0	get 0.0000% / 8h	7h 25m	$8K	$39K	20x
Short	Variational Omni CRDO	190.85	0	get 0.0000% / 8h	7h 25m	$207K	$42K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $5.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 49 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 49 min ago	3.52 bp	doesn't fit	70.4 bp −$704	doesn't fit	doesn't fit

HTX: 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	−0.0028%	1h	190.72	−0.010%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.86	+0.060%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.77	+0.015%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.85	+0.058%	$723K	$820K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.86	+0.063%	$919K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	190.90	+0.084%	$664K	$124K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	190.81	+0.037%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	190.85	+0.060%	$207K	$42K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	191.04	+0.157%	$384	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	191.11	+0.194%	$1K	$567K	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-USDTlong	0.0000%	8h	190.74	long leg	$8K	$39K	20x
Extended CRDO_24_5-USD	+0.0040%	1h	191.07	+0.176%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.78	+0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.65	−0.047%	$197K	$906K	20x	as long as short
Paragon para:CRDO	+0.1104%	1h	190.98	+0.126%	$1.3M	$456K	10x	as long as short