Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1264%/8h= +138.4% APRpaid last 24h +0.214%

Price spread now: Paragon against Aster+0.035%53s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Paragon is 0.035% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	182.58	0	get 0.0000% / 8h	7h 45m	$37K	$11K	20x
Short	Paragon para:CRDO	182.65	0.1264	get 0.0158% / 1h	45m 55s	$1.3M	$482K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. 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 AsterbpFee ParagonbpOrdersPrice spread, now +0.035%Rate

Funding earned: $265.38
Price spread: +0.035% → 0.000%: $3.52
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $250.9
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 11 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 11 min ago	9.29 bp	43.1 bp −$43	77.8 bp −$778	doesn't fit	doesn't fit

Aster: 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
GRVT CRDO_USDT_Perp	−0.1050%	8h	182.50	−0.046%	$860	$134K	10x	as long as short
Bitget CRDOUSDT	−0.0989%	8h	182.41	−0.095%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0028%	1h	182.14	−0.243%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDTlong	0.0000%	8h	182.58	long leg	$37K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	182.38	−0.112%	$4.0M	$9.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.50	−0.046%	$684K	$765K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.28	−0.167%	$900K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.41	−0.095%	$627K	$138K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.15	−0.238%	$198K	$133K	—	as long as short
SunX CRDO-USDT	0.0000%	8h	182.52	−0.035%	$975	$449K	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	182.52	−0.035%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.46	−0.068%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.43	−0.084%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.43	−0.084%	$190K	$833K	20x	as long as short
Paragon para:CRDOshort	+0.1264%	1h	182.65	+0.035%	$1.3M	$482K	10x