Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0797%/8h= −87.2% APRpaid last 24h −0.164%

Price spread now: HTX against Paragon−0.263%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and HTX is 0.263% cheaper against Paragon than usual: you would sell low and buy high (−$26 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	Paragon para:CRDO	189.34	0.0797	pay 0.0100% / 1h	14m 52s	$1.2M	$377K	10x
Short	HTX CRDO-USDT	188.84	0	get 0.0000% / 8h	14m 52s	$8K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.263%Rate

Funding earned: −$167.28
Price spread: −0.263% → 0.000%: −$26.31
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$215.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 2 min ago; HTX: no order-book sample. 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 Paragon live order book, 2 min ago	8.71 bp	13.9 bp −$14	27.3 bp −$273	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
QFEX CRDO-USD	−0.0027%	1h	188.80	−0.284%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.99	−0.181%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.74	−0.315%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.80	−0.284%	$729K	$817K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.88	−0.242%	$895K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.99	−0.184%	$658K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.84	−0.263%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.81	−0.280%	$207K	$40K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.94	−0.208%	$618	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.83	−0.268%	$797	$609K	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-USDTshort	0.0000%	8h	188.84	−0.263%	$8K	$38K	20x
Extended CRDO_24_5-USD	+0.0040%	1h	188.78	−0.297%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.83	−0.268%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.75	−0.311%	$192K	$912K	20x	as long as short
Paragon para:CRDOlong	+0.0797%	1h	189.34	long leg	$1.2M	$377K	10x