Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0766%/8h= −83.9% APRpaid last 24h −0.164%

Price spread now: OKX against Paragon−0.285%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 7 days+0.182%+$18 · spread now −0.285%, 7d avg +0.023%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and OKX is 0.308% cheaper against Paragon than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.393% 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	189.52	0.0766	pay 0.0096% / 1h	17m 20s	$1.2M	$365K	10x
Short	OKX CRDO-USDT-SWAP	188.98	0	get 0.0000% / 8h	17m 20s	$895K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.285%Rate

Funding earned: −$160.85
Price spread: −0.285% → +0.023%: −$30.76
Slippage, 4 orders: −$50.31
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$261.92
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Paragon: live order book, 10 min ago; OKX: live order book, 4 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, 10 min ago	6.34 bp	11.3 bp −$11	27.6 bp −$276	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	4.50 bp	15.2 bp −$15	38.6 bp −$386	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	−0.0027%	1h	188.79	−0.385%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.03	−0.259%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.87	−0.343%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.00	−0.274%	$730K	$817K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	188.98	−0.285%	$895K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	189.06	−0.243%	$658K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.91	−0.322%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.62	−0.472%	$201K	$34K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.71	−0.428%	$628	$140K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.87	−0.343%	$1K	$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-USDT	0.0000%	8h	188.76	−0.401%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.98	−0.284%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.79	−0.385%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.88	−0.338%	$192K	$914K	20x	as long as short
Paragon para:CRDOlong	+0.0766%	1h	189.52	long leg	$1.2M	$365K	10x