Funding arb · Price arb /

CRDO

RWAall CRDO markets

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: OKX against Variational Omni−0.185%7-day average −0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

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)+0.095%+$9 · spread now −0.185%, 7d avg −0.007%

Together, before fees+0.019%+ Points / potential airdropVariational Omni: Active · farm board+$2 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: OKX is 0.178% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	182.85	0	get 0.0000% / 8h	2h 03m	$198K	$133K	—
Short	OKX CRDO-USDT-SWAP	182.51	0	get 0.0000% / 8h	2h 03m	$920K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.007%: −$17.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; OKX: 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, 45 min ago	5.76 bp	doesn't fit	86.1 bp −$861	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	9.02 bp	19.0 bp −$19	63.9 bp −$639	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
Bitget CRDOUSDT	−0.1892%	8h	182.49	−0.196%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.35	−0.272%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.66	−0.101%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.44	−0.221%	$4.0M	$9.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.41	−0.240%	$702K	$774K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	182.51	−0.185%	$920K	$1.6M	20x
Gate CRDO_USDT	0.0000%	8h	182.53	−0.174%	$627K	$141K	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	182.85	long leg	$198K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.97	+0.069%	$688	$132K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.01	+0.089%	$990	$508K	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	182.24	−0.333%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.41	−0.240%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.43	−0.229%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.50	−0.190%	$192K	$842K	20x	as long as short
Paragon para:CRDO	+0.0912%	1h	182.78	−0.037%	$1.3M	$488K	10x	as long as short