Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX−0.111%7-day average +0.007% · you buy dearer than you sell

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

Long on SunX 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)+0.113%+$11 · spread now −0.111%, 7d avg +0.007%

Together, before fees+0.189%+ Points / potential airdropVariational Omni: Active · farm board+$19 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 0.119% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	186.02	0	get 0.0000% / 8h	5h 06m	$1K	$376K	10x
Short	Variational Omni CRDO	185.81	0	get 0.0000% / 8h	5h 06m	$202K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.007%: −$11.9
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.9
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 27 min ago; Variational Omni: RFQ quote, 40 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 SunX live order book, 27 min ago	45.96 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	4.87 bp	doesn't fit	71.8 bp −$718	doesn't fit	doesn't fit

CRDO on 15 exchanges

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	−0.0003%	1h	186.15	+0.070%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	185.76	−0.140%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	185.93	−0.048%	$4.1M	$9.8M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	186.06	+0.022%	$679K	$713K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	186.27	+0.134%	$964K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	186.09	+0.038%	$644K	$141K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	186.10	+0.043%	$1.8M	$1.9M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	185.81	−0.111%	$202K	$131K	—
SunX CRDO-USDTlong	0.0000%	8h	186.02	long leg	$1K	$376K	10x
HTX CRDO-USDT	0.0000%	8h	186.02	0.000%	$8K	$41K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRDO_24_5-USD	+0.0040%	1h	185.95	−0.038%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	186.19	+0.091%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.01	−0.005%	$194K	$962K	20x	as long as short
GRVT CRDO_USDT_Perp	+0.0471%	8h	185.94	−0.043%	$881	$135K	10x	as long as short
Paragon para:CRDO	+0.0586%	1h	186.28	+0.140%	$1.2M	$503K	10x	as long as short