Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX−0.021%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

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

costs, in and out, $10k−$1041.043% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.021%, 7d avg +0.029%

Together, before fees−0.225%−$23 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: Gate is 0.050% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	188.59	0	get 0.0000% / 8h	43m 37s	$888K	$1.6M	20x
Short	Gate CRDO_USDT	188.55	0	get 0.0000% / 8h	43m 37s	$656K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.029%: −$4.98
Slippage, 4 orders: −$79.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.26
Costs to cover: 1.043%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 33 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 OKX live order book, 3 min ago	2.92 bp	15.8 bp −$16	44.0 bp −$440	doesn't fit	doesn't fit
Sell Gate live order book, 33 min ago	4.79 bp	41.0 bp −$41	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
QFEX CRDO-USD	−0.0027%	1h	188.57	−0.011%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.56	−0.013%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.49	−0.053%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.54	−0.027%	$730K	$822K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	188.59	long leg	$888K	$1.6M	20x
Gate CRDO_USDTshort	0.0000%	8h	188.55	−0.021%	$656K	$140K	20x
Bitget CRDOUSDT	0.0000%	8h	188.55	−0.021%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.53	−0.034%	$201K	$34K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.55	−0.020%	$747	$141K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.54	−0.027%	$1K	$619K	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	188.55	−0.021%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.53	−0.032%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.66	+0.037%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.44	−0.080%	$192K	$924K	20x	as long as short
Paragon para:CRDO	+0.0489%	1h	188.62	+0.016%	$937K	$252K	10x	as long as short