Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0909%/8h= −99.5% APRpaid last 24h −0.198%

Price spread now: OKX against Paragon−0.199%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 7 days+0.263%+$26 · spread now −0.199%, 7d avg +0.020%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and OKX is 0.219% cheaper against Paragon than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.468% in total (about -24.4% 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 21s	$1.3M	$488K	10x
Short	OKX CRDO-USDT-SWAP	182.79	0	get 0.0000% / 8h	2h 10m	$922K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$190.85
Price spread: −0.199% → +0.020%: −$21.89
Slippage, 4 orders: −$77.1
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$309.84
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from Paragon: live order book, 7 min ago; OKX: 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, 7 min ago	5.22 bp	26.8 bp −$27	52.3 bp −$523	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.11 bp	17.5 bp −$18	43.4 bp −$434	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	−0.1962%	8h	183.02	−0.073%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.88	−0.149%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.85	−0.166%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.84	−0.174%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.80	−0.193%	$704K	$773K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	182.79	−0.199%	$922K	$1.6M	20x
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	183.09	−0.032%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.84	−0.171%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.76	−0.215%	$193K	$844K	20x	as long as short
Paragon para:CRDOlong	+0.0909%	1h	183.15	long leg	$1.3M	$488K	10x