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 OKX−0.037%7-day average +0.005% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.037%, 7d avg +0.005%

Together, before fees+0.195%+ Points / potential airdropVariational Omni: Active · farm board+$20 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: Variational Omni is 0.042% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	182.67	0	get 0.0000% / 8h	1h 14m	$911K	$1.7M	20x
Short	Variational Omni CRDO	182.60	0	get 0.0000% / 8h	1h 14m	$198K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.005%: −$4.16
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 29 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 OKX live order book, 2 min ago	1.09 bp	27.2 bp −$27	74.8 bp −$748	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 29 min ago	6.28 bp	doesn't fit	70.8 bp −$708	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	−0.1733%	8h	182.78	+0.060%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.80	+0.073%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.47	−0.109%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.75	+0.044%	$685K	$748K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	182.67	long leg	$911K	$1.7M	20x
Gate CRDO_USDT	0.0000%	8h	182.70	+0.016%	$627K	$140K	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	182.60	−0.037%	$198K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.71	+0.021%	$842	$135K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.56	−0.060%	$1K	$488K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	183.06	+0.213%	$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	182.52	−0.082%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.72	+0.030%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.82	+0.082%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.53	−0.077%	$192K	$835K	20x	as long as short
Paragon para:CRDO	+0.1004%	1h	183.09	+0.230%	$1.3M	$482K	10x	as long as short