Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0899%/8h= −98.4% APRpaid last 24h −0.084%

Price spread now: Binance against Paragon−0.228%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$730.725% of the position

Long on Paragon Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 2 days (all we have)+0.423%+$42 · spread now −0.228%, 7d avg −0.050%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Binance is 0.178% cheaper against Paragon than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.392% in total (about -20.5% 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	Paragon para:CRDO	190.12	0.0899	pay 0.0112% / 1h	54m 24s	$1.3M	$445K	10x
Short	Binance CRDOUSDT	189.69	0	get 0.0000% / 8h	7h 54m	$4.3M	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paragon. 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 ParagonbpFee BinancebpOrdersPrice spread, now −0.228%Rate

Funding earned: −$188.74
Price spread: −0.228% → −0.050%: −$17.8
Slippage, 4 orders: −$52.52
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$279.07
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from Paragon: live order book, 1 min ago; Binance: live order book, 15 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 Paragon live order book, 1 min ago	3.95 bp	25.4 bp −$25	61.3 bp −$613	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.26 bp	10.8 bp −$11	54.1 bp −$541	158.0 bp −$15.8K	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	−0.0028%	1h	189.71	−0.216%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.76	−0.188%	$38K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	189.69	−0.228%	$4.3M	$8.5M	20x
Bybit CRDOUSDT	0.0000%	8h	189.76	−0.189%	$730K	$817K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.64	−0.252%	$908K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.73	−0.205%	$661K	$123K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.47	−0.342%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.77	−0.182%	$208K	$40K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.63	−0.256%	$582	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.71	−0.216%	$1K	$602K	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	189.65	−0.247%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.70	−0.221%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.81	−0.163%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.55	−0.300%	$195K	$909K	20x	as long as short
Paragon para:CRDOlong	+0.0899%	1h	190.12	long leg	$1.3M	$445K	10x