Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1048%/8h= +114.7% APRpaid last 24h +0.201%

Price spread now: Paragon against Aster+0.235%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Paragon is 0.235% dearer against Aster than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	181.86	0	get 0.0000% / 8h	1h 25m	$37K	$10K	20x
Short	Paragon para:CRDO	182.29	0.1048	get 0.0131% / 1h	25m 49s	$1.2M	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. 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 AsterbpFee ParagonbpOrdersPrice spread, now +0.235%Rate

Funding earned: $220.06
Price spread: +0.235% → 0.000%: $23.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $225.6
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 1 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 1 min ago	5.22 bp	23.1 bp −$23	49.6 bp −$496	doesn't fit	doesn't fit

Aster: 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
Bitget CRDOUSDT	−0.1970%	8h	181.84	−0.012%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDTlong	0.0000%	8h	181.86	long leg	$37K	$10K	20x
Binance CRDOUSDT	0.0000%	8h	181.75	−0.061%	$4.0M	$9.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	181.81	−0.028%	$694K	$784K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	181.89	+0.016%	$913K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.75	−0.061%	$624K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.59	−0.148%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.08	−0.430%	$460	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	181.37	−0.270%	$1K	$497K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	181.47	−0.215%	$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	181.68	−0.100%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.16	+0.167%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.73	−0.072%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.70	−0.089%	$192K	$838K	20x	as long as short
Paragon para:CRDOshort	+0.1048%	1h	182.29	+0.235%	$1.2M	$488K	10x