Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.002%

Price spread now: Aster against QFEX+0.128%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.128% dearer against QFEX than usual: you sell high and buy low, +$13 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	QFEX CRDO-USD	187.21	−0.0001	get 0.0000% / 1h	48m 09s	$1.1M	$3.0M	10x
Short	Aster CRDOUSDT	187.45	0	get 0.0000% / 8h	1h 48m	$38K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0.15
Price spread: +0.128% → 0.000%: $12.77
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.08
Costs to cover: 0.180%
Break-even: 242.0 days

Slippage unknown: QFEX: live order book, 5 min ago; Aster: no order-book sample. 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 QFEX live order book, 5 min ago	27.26 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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-USDlong	−0.0001%	1h	187.21	long leg	$1.1M	$3.0M	10x
Aster CRDOUSDTshort	0.0000%	8h	187.45	+0.128%	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	187.14	−0.039%	$4.2M	$8.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.26	+0.027%	$734K	$843K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.23	+0.011%	$881K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.17	−0.021%	$651K	$139K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.29	+0.043%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.09	−0.062%	$200K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.17	−0.020%	$689	$154K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.18	−0.016%	$1K	$645K	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	187.24	+0.016%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.14	−0.038%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.32	+0.059%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.06	−0.080%	$190K	$945K	20x	as long as short
Paragon para:CRDO	+0.0554%	1h	187.38	+0.091%	$931K	$259K	10x	as long as short