Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest+0.831%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

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 airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.831% dearer against Vest than usual: you sell high and buy low (spread +0.831% now, against zero (this spread has no 7-day history yet)): +$83 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	180.62	0.0046	pay 0.0006% / 1h	26m 19s	—	—	5x
Short	Variational Omni CRDO	182.12	0	get 0.0000% / 8h	2h 26m	$197K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.831%Rate

Funding earned: −$9.59
Price spread: +0.831% → 0.000%: $83.15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $71.55
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 23 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 Variational Omni RFQ quote, 23 min ago	5.76 bp	doesn't fit	94.2 bp −$942	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	−0.1735%	8h	180.94	+0.177%	$1.6M	$1.7M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	180.60	−0.011%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	180.64	+0.009%	$36K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	180.57	−0.026%	$4.0M	$9.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	180.54	−0.044%	$697K	$770K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	180.69	+0.039%	$922K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	180.73	+0.061%	$645K	$126K	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	182.12	+0.831%	$197K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.28	+0.917%	$738	$129K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	180.90	+0.155%	$810	$510K	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	181.51	+0.493%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	180.61	−0.006%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	180.62	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	180.52	−0.055%	$192K	$846K	20x	as long as short
Paragon para:CRDO	+0.0911%	1h	180.72	+0.058%	$1.2M	$488K	10x	as long as short