Funding arb · Price arb /

CRDO

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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: Gate against Variational Omni−0.064%7-day average +0.028% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)−0.126%−$13 · spread now −0.064%, 7d avg +0.028%

Together, before fees−0.202%+ Points / potential airdropVariational Omni: Active · farm board−$20 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: Gate is 0.092% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	180.96	0	get 0.0000% / 8h	7h 28m	$197K	$131K	—
Short	Gate CRDO_USDT	180.84	0	get 0.0000% / 8h	7h 28m	$621K	$138K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.028%: −$9.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.21
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Gate: live order book, 2 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, 5 min ago	4.02 bp	doesn't fit	62.6 bp −$626	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	9.95 bp	49.5 bp −$49	doesn't fit	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
GRVT CRDO_USDT_Perp	−0.1383%	8h	181.00	+0.027%	$977	$133K	10x	as long as short
Bitget CRDOUSDT	−0.0905%	8h	180.67	−0.158%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0028%	1h	180.72	−0.130%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.18	+0.126%	$36K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	180.70	−0.141%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	180.81	−0.080%	$679K	$727K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	180.89	−0.036%	$897K	$1.7M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	180.84	−0.064%	$621K	$138K	20x
Variational Omni CRDOlong	0.0000%	8h	180.96	long leg	$197K	$131K	—
SunX CRDO-USDT	0.0000%	8h	180.63	−0.180%	$974	$430K	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	180.79	−0.091%	$8K	$42K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	180.90	−0.030%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	180.93	−0.014%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.01	+0.030%	$191K	$846K	20x	as long as short
Paragon para:CRDO	+0.1024%	1h	180.97	+0.010%	$1.2M	$481K	10x	as long as short