Funding arb · Price arb /

CRDO

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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: Bitget against Variational Omni+0.001%7-day average +0.062% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.001%, 7d avg +0.062%

Together, before fees−0.239%+ Points / potential airdropVariational Omni: Active · farm board−$24 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: Bitget is 0.061% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	189.42	0	get 0.0000% / 8h	5h 08m	$222K	$59K	—
Short	Bitget CRDOUSDT	189.42	0	get 0.0000% / 8h	5h 08m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.062%: −$6.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; Bitget: live order book, 3 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 Variational Omni RFQ quote, 55 min ago	5.66 bp	doesn't fit	71.9 bp −$719	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.80 bp	17.4 bp −$17	48.7 bp −$487	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	−0.0024%	1h	189.49	+0.038%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.75	+0.176%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.56	+0.074%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.64	+0.117%	$718K	$739K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.58	+0.085%	$915K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.59	+0.091%	$659K	$120K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	189.42	+0.001%	$1.7M	$1.6M	20x
Variational Omni CRDOlong	0.0000%	8h	189.42	long leg	$222K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	189.42	0.000%	$849	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.50	+0.043%	$857	$513K	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	189.68	+0.138%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.58	+0.088%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.56	+0.075%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.54	+0.064%	$197K	$890K	20x	as long as short
Paragon para:CRDO	+0.1507%	1h	189.70	+0.149%	$1.3M	$460K	10x	as long as short