Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0825%/8h= +90.3% APRpaid last 24h +0.168%

Price spread now: Paragon against KuCoin+0.096%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$520as in the Price arb table

costs, in and out, $10k−$5275.266% of the position

Long on KuCoin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.096%, 7d avg +0.032%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Paragon is 0.064% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% 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	KuCoin CRDOUSDTM	182.77	0.0100	pay 0.0100% / 8h	2h 07m	$192K	$843K	20x
Short	Paragon para:CRDO	182.94	0.0925	get 0.0116% / 1h	7m 10s	$1.3M	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against KuCoin. 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 KuCoinbpFee ParagonbpOrdersPrice spread, now +0.096%Rate

Funding earned: $173.18
Price spread: +0.096% → +0.032%: $6.4
Slippage, 4 orders: −$504.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$346.98
Costs to cover: 5.266%
Break-even: 21.0 days

Slippage from KuCoin: live order book, 32 min ago; Paragon: live order book, 10 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 KuCoin live order book, 32 min ago	5.22 bp	254.8 bp −$255	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 10 min ago	5.22 bp	24.5 bp −$24	44.4 bp −$444	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	−0.1920%	8h	182.69	−0.044%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.95	+0.098%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.05	+0.151%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.96	+0.106%	$4.0M	$9.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.92	+0.082%	$704K	$773K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.90	+0.071%	$922K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.88	+0.060%	$628K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.82	+0.026%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.83	+0.032%	$545	$131K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.04	+0.148%	$824	$509K	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	182.81	+0.022%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.82	+0.027%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.82	+0.027%	—	—	5x	as long as short
KuCoin CRDOUSDTMlong	+0.0100%	8h	182.77	long leg	$192K	$843K	20x
Paragon para:CRDOshort	+0.0925%	1h	182.94	+0.096%	$1.3M	$488K	10x