Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.064%

Price spread now: Extended against Variational Omni+0.125%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.125% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread 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	187.09	0	get 0.0000% / 8h	1h 48m	$200K	$33K	—
Short	Extended CRDO_24_5-USD	187.33	0.0040	get 0.0005% / 1h	48m 35s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.125%Rate

Funding earned: $8.4
Price spread: +0.125% → 0.000%: $12.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $15.86
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Extended: 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, 35 min ago	5.72 bp	doesn't fit	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0001%	1h	187.21	+0.062%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.50	+0.215%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.15	+0.030%	$4.2M	$8.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.30	+0.110%	$734K	$843K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.23	+0.073%	$881K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.17	+0.041%	$651K	$139K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.33	+0.126%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	187.09	long leg	$200K	$33K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	187.17	+0.042%	$689	$154K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.18	+0.046%	$1K	$645K	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	187.24	+0.078%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USDshort	+0.0040%	1h	187.33	+0.125%	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	187.33	+0.126%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.08	−0.008%	$190K	$945K	20x	as long as short
Paragon para:CRDO	+0.0554%	1h	187.38	+0.153%	$931K	$259K	10x	as long as short