Funding arb · Price arb /

CRDO

RWAall CRDO markets

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: OKX against SunX−0.445%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$1691.685% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.449%+$45 · spread now −0.445%, 7d avg −0.001%

Together, before fees+0.574%+$57 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: OKX is 0.444% cheaper against SunX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	191.11	0	get 0.0000% / 8h	7h 24m	$1K	$567K	10x
Short	OKX CRDO-USDT-SWAP	190.26	0	get 0.0000% / 8h	7h 24m	$915K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.445%Rate

Funding earned: $0
Price spread: −0.445% → −0.001%: −$44.41
Slippage, 4 orders: −$150.53
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$212.94
Costs to cover: 1.685%
Break-even: never at this rate

Slippage from SunX: live order book, 27 min ago; OKX: live order book, 3 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, 27 min ago	46.88 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	5.76 bp	19.4 bp −$19	39.5 bp −$395	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	−0.0028%	1h	190.37	−0.387%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.55	−0.295%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.36	−0.394%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.45	−0.345%	$721K	$820K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	190.26	−0.445%	$915K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	190.61	−0.262%	$663K	$124K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	190.44	−0.351%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	190.85	−0.134%	$207K	$42K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	191.04	−0.037%	$384	$134K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	191.11	long leg	$1K	$567K	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	190.74	−0.194%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.41	−0.369%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.51	−0.314%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.38	−0.382%	$197K	$906K	20x	as long as short
Paragon para:CRDO	+0.1103%	1h	190.82	−0.152%	$1.3M	$456K	10x	as long as short