Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2885%/8h= −315.9% APRpaid last 24h −0.198%

Price spread now: Bitget against Paragon−0.079%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Paragon Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$46 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.079%, 7d avg +0.062%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$87 a day on $10k at the current rate, and Bitget is 0.141% cheaper against Paragon than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.465% 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	Paragon para:CRDO	183.15	0.0909	pay 0.0114% / 1h	10m 45s	$1.3M	$488K	10x
Short	Bitget CRDOUSDT	183.01	−0.1976	pay 0.1976% / 8h	2h 10m	$1.7M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$605.81
Price spread: −0.079% → +0.062%: −$14.05
Slippage, 4 orders: −$71.19
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$713.05
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from Paragon: live order book, 6 min ago; Bitget: 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 Paragon live order book, 6 min ago	5.22 bp	26.8 bp −$27	52.3 bp −$523	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.28 bp	19.2 bp −$19	104.3 bp −$1,043	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 CRDOUSDTshort	−0.1976%	8h	183.01	−0.079%	$1.7M	$1.8M	20x
QFEX CRDO-USD	−0.0006%	1h	182.83	−0.177%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.85	−0.167%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.79	−0.199%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.81	−0.188%	$704K	$773K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.85	−0.166%	$923K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.81	−0.188%	$628K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.82	−0.183%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.48	−0.914%	$976	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	−0.608%	$735	$508K	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	182.27	−0.483%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.05	−0.057%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.73	−0.231%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.77	−0.210%	$194K	$844K	20x	as long as short
Paragon para:CRDOlong	+0.0909%	1h	183.15	long leg	$1.3M	$488K	10x