Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0865%/8h= −94.7% APRpaid last 24h −0.214%

Price spread now: Binance against Paragon−0.051%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Paragon Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.476%−$48 on $10k

Price spread, last 7 days+0.216%+$22 · spread now −0.051%, 7d avg +0.007%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Binance is 0.058% cheaper against Paragon than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.476% in total (about -24.8% 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	Paragon para:CRDO	184.42	0.0865	pay 0.0108% / 1h	57m 02s	$1.3M	$484K	10x
Short	Binance CRDOUSDT	184.33	0	get 0.0000% / 8h	6h 57m	$4.0M	$9.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$181.71
Price spread: −0.051% → +0.007%: −$5.76
Slippage, 4 orders: −$78.55
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$286.02
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from Paragon: live order book, 10 min ago; Binance: live order book, 13 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 Paragon live order book, 10 min ago	14.36 bp	20.4 bp −$20	43.9 bp −$439	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.90 bp	21.6 bp −$22	66.2 bp −$662	166.2 bp −$16.6K	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	−0.0681%	8h	184.47	+0.027%	$1.8M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0001%	1h	184.25	−0.092%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.82	−0.324%	$37K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	184.33	−0.051%	$4.0M	$9.7M	20x
Bybit CRDOUSDT	0.0000%	8h	184.36	−0.033%	$693K	$694K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.58	+0.087%	$953K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	184.16	−0.141%	$632K	$135K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	183.84	−0.317%	$200K	$132K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	184.11	−0.168%	$422	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	184.29	−0.070%	$984	$417K	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	184.29	−0.070%	$8K	$42K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.73	−0.376%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	184.23	−0.103%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	184.18	−0.130%	$192K	$883K	20x	as long as short
Paragon para:CRDOlong	+0.0865%	1h	184.42	long leg	$1.3M	$484K	10x