Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1301%/8h= +142.5% APRpaid last 24h +0.190%

Price spread now: Paragon against OKX+0.331%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on OKX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 7 days−0.412%−$41 · spread now +0.331%, 7d avg −0.024%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Paragon is 0.355% dearer against OKX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.463% in total (about 24.2% 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	OKX CRDO-USDT-SWAP	183.08	0	get 0.0000% / 8h	3h 04m	$938K	$1.4M	20x
Short	Paragon para:CRDO	183.69	0.1301	get 0.0163% / 1h	4m 38s	$1.3M	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against OKX. 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 OKXbpFee ParagonbpOrdersPrice spread, now +0.331%Rate

Funding earned: $273.29
Price spread: +0.331% → −0.024%: $35.53
Slippage, 4 orders: −$74.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: $214.4
Costs to cover: 0.944%
Break-even: 1.5 days

Slippage from OKX: live order book, 2 min ago; Paragon: live order book, 1 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 OKX live order book, 2 min ago	5.71 bp	28.6 bp −$29	68.5 bp −$685	doesn't fit	doesn't fit
Sell Paragon live order book, 1 min ago	10.60 bp	21.3 bp −$21	45.8 bp −$458	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	−0.0937%	8h	183.48	+0.218%	$1.7M	$1.5M	20x	as long as short
QFEX CRDO-USD	−0.0009%	1h	183.08	0.000%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.37	+0.161%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	183.26	+0.098%	$4.1M	$8.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	183.33	+0.137%	$700K	$745K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	183.08	long leg	$938K	$1.4M	20x
Gate CRDO_USDT	0.0000%	8h	183.25	+0.093%	$654K	$124K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	183.91	+0.455%	$229K	$105K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	183.54	+0.251%	$367	$121K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.25	+0.093%	$1K	$511K	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	183.73	+0.355%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.28	+0.109%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.65	+0.311%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.43	+0.191%	$194K	$856K	20x	as long as short
Paragon para:CRDOshort	+0.1301%	1h	183.69	+0.331%	$1.3M	$468K	10x