Funding you earn now, next payment 08:00 UTC−0.1056%/8h= −115.7% APRnext payment −$1.32 per $10,000 · paid last 24h −0.211%
Price spread now: QFEX against Paragon−0.137%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 7 days+0.180%+$18 · spread now −0.137%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and QFEX is 0.103% cheaper against Paragon than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.046% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. 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 | 183.10 | 0.1013 | pay 0.0127% / 1h | 16m 28s | $1.3M | $479K | 10x |
| Short | QFEX CRDO-USD | 182.85 | −0.0043 | pay 0.0005% / 1h | 16m 28s | $1.1M | $2.3M | 10x |
Paragon para:CRDO
QFEX CRDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$221.85
- Price spread: −0.137% → −0.034%
- −$10.25
- Slippage, 4 orders
- −$50.71
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$302.81
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 1 min ago; QFEX: live order book, 11 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 | 4.64 bp | 29.1 bp −$29 | 59.2 bp −$592 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 2.19 bp | 9.6 bp −$10 | 19.0 bp −$190 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRDOUSDT | −0.1091% | 8h | 183.07 | −0.016% | $1.7M | $1.9M | 20x | as long as short |
| QFEX CRDO-USDshort | −0.0043% | 1h | 182.85 | −0.137% | $1.1M | $2.3M | 10x | |
| Aster CRDOUSDT | 0.0000% | 8h | 182.95 | −0.080% | $37K | $10K | 20x | as long as short |
| Binance CRDOUSDT | 0.0000% | 8h | 182.90 | −0.110% | $4.0M | $9.6M | 20x | as long as short |
| Bybit CRDOUSDT | 0.0000% | 8h | 182.99 | −0.060% | $689K | $751K | 25x | as long as short |
| OKX CRDO-USDT-SWAP | 0.0000% | 8h | 183.02 | −0.044% | $908K | $1.7M | 20x | as long as short |
| Gate CRDO_USDT | 0.0000% | 8h | 183.14 | +0.022% | $629K | $138K | 20x | as long as short |
| Variational Omni CRDO | 0.0000% | 8h | 182.94 | −0.086% | $199K | $133K | — | as long as short |
| GRVT CRDO_USDT_Perp | 0.0000% | 8h | 183.01 | −0.048% | $631 | $135K | 10x | as long as short |
| SunX CRDO-USDT | 0.0000% | 8h | 183.02 | −0.044% | $981 | $482K | 10x | as long as short |
Bitget CRDOUSDT
Aster CRDOUSDT
Binance CRDOUSDT
Bybit CRDOUSDT
OKX CRDO-USDT-SWAP
Gate CRDO_USDT
Variational Omni CRDO
GRVT CRDO_USDT_Perp
SunX CRDO-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRDO-USDT | 0.0000% | 8h | 183.10 | 0.000% | $8K | $41K | 20x | as long as short |
| Extended CRDO_24_5-USD | +0.0040% | 1h | 182.93 | −0.093% | $1K | — | 5x | as long as short |
| Vest CRDO-USD-PERP | +0.0046% | 1h | 182.98 | −0.066% | — | — | 5x | as long as short |
| KuCoin CRDOUSDTM | +0.0100% | 8h | 182.92 | −0.098% | $192K | $819K | 20x | as long as short |
| Paragon para:CRDOlong | +0.1013% | 1h | 183.10 | long leg | $1.3M | $479K | 10x |
HTX CRDO-USDT
Extended CRDO_24_5-USD
Vest CRDO-USD-PERP
KuCoin CRDOUSDTM