Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1478%/8h= −161.9% APRpaid last 24h −0.164%

Price spread now: Aster against Paragon−0.018%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$44 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRDO	189.70	0.1478	pay 0.0185% / 1h	2m 11s	$1.3M	$459K	10x
Short	Aster CRDOUSDT	189.67	0	get 0.0000% / 8h	5h 02m	$38K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$310.43
Price spread: −0.018% → 0.000%: −$1.77
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$330.2
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 5 min ago; Aster: no order-book sample. 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 Paragon live order book, 5 min ago	2.63 bp	42.8 bp −$43	65.2 bp −$652	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
QFEX CRDO-USD	−0.0024%	1h	189.53	−0.090%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDTshort	0.0000%	8h	189.67	−0.018%	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	189.59	−0.058%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.64	−0.032%	$718K	$739K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.57	−0.069%	$915K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.63	−0.037%	$659K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.42	−0.148%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.46	−0.125%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.57	−0.068%	$753	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.42	−0.148%	$691	$513K	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	189.55	−0.079%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.68	−0.013%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.58	−0.063%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.51	−0.100%	$197K	$888K	20x	as long as short
Paragon para:CRDOlong	+0.1478%	1h	189.70	long leg	$1.3M	$459K	10x