Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0766%/8h= −83.9% APRpaid last 24h −0.198%

Price spread now: SunX against Paragon−0.296%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$1841.841% of the position

Long on Paragon Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.592%−$59 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.296%, 7d avg −0.030%

Together, before fees−0.387%−$39 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 SunX is 0.266% cheaper against Paragon than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRDO	182.36	0.0766	pay 0.0096% / 1h	54m 02s	$1.2M	$488K	10x
Short	SunX CRDO-USDT	181.82	0	get 0.0000% / 8h	1h 54m	$1K	$506K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.296%Rate

Funding earned: −$160.93
Price spread: −0.296% → −0.030%: −$26.61
Slippage, 4 orders: −$166.13
Fee Paragon: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$371.67
Costs to cover: 1.841%
Break-even: never at this rate

Slippage from Paragon: live order book, 2 min ago; SunX: live order book, 7 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, 2 min ago	5.20 bp	26.3 bp −$26	52.5 bp −$525	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	47.64 bp	66.6 bp −$67	doesn't fit	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	−0.1829%	8h	182.14	−0.121%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.94	−0.229%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	181.77	−0.324%	$4.0M	$9.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	181.97	−0.214%	$700K	$775K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	181.80	−0.307%	$907K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.05	−0.170%	$625K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.93	−0.234%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.64	+0.153%	$670	$131K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	181.82	−0.296%	$1K	$506K	10x
HTX CRDO-USDT	0.0000%	8h	181.75	−0.335%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	+0.0013%	1h	181.90	−0.252%	$1.1M	$2.4M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.81	−0.299%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.99	−0.203%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.81	−0.302%	$194K	$839K	20x	as long as short
Paragon para:CRDOlong	+0.0766%	1h	182.36	long leg	$1.2M	$488K	10x