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: Bybit against Variational Omni+0.117%7-day average +0.071% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.117%, 7d avg +0.071%

Together, before fees−0.365%+ Points / potential airdropVariational Omni: Active · farm board−$36 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: Bybit is 0.046% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.071%.

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 07m	$222K	$59K	—
Short	Bybit CRDOUSDT	189.64	0	get 0.0000% / 8h	5h 07m	$718K	$739K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.071%: $4.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.37
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Bybit: live order book, 52 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, 56 min ago	5.66 bp	doesn't fit	71.9 bp −$719	doesn't fit	doesn't fit
Sell Bybit live order book, 52 min ago	5.29 bp	16.7 bp −$17	182.0 bp −$1,820	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	+0.177%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.54	+0.063%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	189.64	+0.117%	$718K	$739K	25x
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	189.65	+0.122%	$659K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.42	+0.001%	$1.7M	$1.6M	20x	as long as short
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	+0.085%	$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	189.56	+0.075%	$196K	$889K	20x	as long as short
Paragon para:CRDO	+0.1507%	1h	189.70	+0.149%	$1.3M	$460K	10x	as long as short