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%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.164%53s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2052.047% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.164%, 7d avg +0.035%

Together, before fees−0.103%−$10 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 0.129% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	188.65	0	get 0.0000% / 8h	18m 25s	$1K	$609K	10x
Short	Gate CRDO_USDT	188.96	0	get 0.0000% / 8h	18m 25s	$657K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.035%: $12.92
Slippage, 4 orders: −$181.68
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$191.76
Costs to cover: 2.047%
Break-even: never at this rate

Slippage from SunX: live order book, 43 min ago; Gate: live order book, 58 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 SunX live order book, 43 min ago	46.81 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 58 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	188.78	+0.069%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.86	+0.113%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.85	+0.107%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.89	+0.127%	$729K	$817K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.92	+0.143%	$895K	$1.5M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	188.96	+0.164%	$657K	$140K	20x
Bitget CRDOUSDT	0.0000%	8h	188.86	+0.111%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.62	−0.013%	$201K	$34K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.67	+0.013%	$628	$140K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	188.65	long leg	$1K	$609K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.76	+0.058%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.81	+0.086%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.78	+0.069%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.74	+0.048%	$191K	$914K	20x	as long as short
Paragon para:CRDO	+0.0752%	1h	189.38	+0.388%	$1.1M	$359K	10x	as long as short