Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1719%/8h= +188.2% APRpaid last 24h +0.148%

Price spread now: Paragon against Binance+0.455%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 2 days (all we have)−0.604%−$60 · spread now +0.455%, 7d avg +0.063%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Paragon is 0.392% dearer against Binance than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.412% in total (about 21.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRDOUSDT	189.20	0	get 0.0000% / 8h	6h 45m	$4.2M	$8.2M	20x
Short	Paragon para:CRDO	190.06	0.1719	get 0.0215% / 1h	45m 01s	$1.3M	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now +0.455%Rate

Funding earned: $360.91
Price spread: +0.455% → +0.063%: $39.16
Slippage, 4 orders: −$47.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: $332.21
Costs to cover: 0.679%
Break-even: 0.6 days

Slippage from Binance: live order book, 9 min ago; Paragon: live order book, 1 min ago.

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 Binance live order book, 9 min ago	0.26 bp	12.2 bp −$12	60.7 bp −$607	195.3 bp −$19.5K	doesn't fit
Sell Paragon live order book, 1 min ago	4.47 bp	15.6 bp −$16	54.7 bp −$547	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
QFEX CRDO-USD	−0.0017%	1h	189.38	+0.095%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.40	+0.104%	$38K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	189.20	long leg	$4.2M	$8.2M	20x
Bybit CRDOUSDT	0.0000%	8h	189.27	+0.037%	$715K	$810K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.41	+0.111%	$914K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.41	+0.111%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.47	+0.143%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.32	+0.064%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.53	+0.176%	$256	$132K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.37	+0.090%	$964	$553K	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	189.37	+0.090%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.16	−0.021%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.37	+0.090%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.41	+0.111%	$196K	$898K	20x	as long as short
Paragon para:CRDOshort	+0.1719%	1h	190.06	+0.455%	$1.3M	$440K	10x