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 −0.076%

Price spread now: Aster against Variational Omni−0.137%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Aster: 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 0.137% cheaper against Variational Omni than usual: you would sell low and buy high, −$14 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	Variational Omni CRDO	186.95	0	get 0.0000% / 8h	2h 03m	$200K	$33K	—
Short	Aster CRDOUSDT	186.69	0	get 0.0000% / 8h	2h 03m	$37K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → 0.000%: −$13.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.69
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 21 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 Variational Omni RFQ quote, 21 min ago	5.72 bp	doesn't fit	120.5 bp −$1,205	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-USD	−0.0007%	1h	186.93	−0.010%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDTshort	0.0000%	8h	186.69	−0.137%	$37K	$10K	20x
Binance CRDOUSDT	0.0000%	8h	186.92	−0.015%	$4.2M	$8.8M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	186.90	−0.026%	$733K	$874K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.00	+0.028%	$881K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	186.97	+0.012%	$650K	$145K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.00	+0.028%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	186.95	long leg	$200K	$33K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	186.99	+0.023%	$385	$155K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.97	+0.012%	$989	$664K	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	186.89	−0.031%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.00	+0.028%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	186.95	+0.001%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.75	−0.106%	$189K	$952K	20x	as long as short
Paragon para:CRDO	+0.0300%	1h	186.97	+0.010%	$892K	$240K	10x	as long as short