Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.153%7-day average — · you buy dearer than you sell

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

Long on Vest Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.153% cheaper against Vest than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	183.06	0.0046	pay 0.0006% / 1h	6m 47s	—	—	5x
Short	SunX CRDO-USDT	182.78	0	get 0.0000% / 8h	6m 47s	$868	$480K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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 VestbpFee SunXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$9.59
Price spread: −0.153% → 0.000%: −$15.3
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 44 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 Vest no order-book sample	—	—	—	—	—
Sell SunX live order book, 44 min ago	48.14 bp	67.0 bp −$67	doesn't fit	doesn't fit	doesn't fit

Vest: 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
Bitget CRDOUSDT	−0.1049%	8h	183.02	−0.022%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	182.74	−0.175%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.01	−0.025%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.81	−0.135%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	183.02	−0.022%	$689K	$751K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.97	−0.049%	$907K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.89	−0.093%	$628K	$138K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.54	−0.283%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.62	−0.240%	$623	$135K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	182.78	−0.153%	$868	$480K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	182.84	−0.120%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.95	−0.060%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	183.06	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	182.94	−0.066%	$192K	$823K	20x	as long as short
Paragon para:CRDO	+0.1044%	1h	183.06	0.000%	$1.3M	$479K	10x	as long as short