Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0514%/8hpaid last 24h +0.225%

Price spread now: Paragon against Gate+0.128%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on Gate Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.578%+$58 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.128%, 7d avg −0.027%

Together, before fees+0.511%+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Paragon is 0.155% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	188.07	0	get 0.0000% / 8h	4h 23m	$656K	$144K	20x
Short	Paragon para:CRDO	188.31	0.0514	get 0.0064% / 1h	23m 35s	$964K	$213K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Gate. 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 GatebpFee ParagonbpOrdersPrice spread, now +0.128%Rate

Funding earned: $107.87
Price spread: +0.128% → −0.027%: $15.49
Slippage, 4 orders: −$70.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paragon: 5 bp × 2 orders: −$10
Net: $27.46
Costs to cover: 0.959%
Break-even: 5.2 days

Slippage from Gate: live order book, 7 min ago; Paragon: live order book, 20 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 Gate live order book, 7 min ago	8.28 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 20 min ago	3.19 bp	10.5 bp −$10	35.1 bp −$351	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	−0.0001%	1h	188.24	+0.090%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.24	+0.088%	$38K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.20	+0.069%	$4.5M	$8.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.24	+0.090%	$800K	$794K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.26	+0.101%	$898K	$1.7M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	188.07	long leg	$656K	$144K	20x
Bitget CRDOUSDT	0.0000%	8h	188.11	+0.021%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.46	−0.325%	$201K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.73	−0.182%	$839	$159K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.08	+0.005%	$1K	$665K	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	187.66	−0.218%	$8K	$37K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.16	+0.047%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.24	+0.090%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.16	+0.048%	$189K	$955K	20x	as long as short
Paragon para:CRDOshort	+0.0514%	1h	188.31	+0.128%	$964K	$213K	10x