Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1094%/8h= +119.8% APRpaid last 24h +0.198%

Price spread now: Paragon against Aster+0.095%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Paragon is 0.095% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	184.17	0	get 0.0000% / 8h	2h 48m	$37K	$11K	20x
Short	Paragon para:CRDO	184.35	0.1094	get 0.0137% / 1h	48m 16s	$1.3M	$469K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. 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 AsterbpFee ParagonbpOrdersPrice spread, now +0.095%Rate

Funding earned: $229.68
Price spread: +0.095% → 0.000%: $9.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $221.22
Costs to cover: 0.180%
Break-even: 0.3 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 9 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 9 min ago	5.16 bp	27.9 bp −$28	57.7 bp −$577	doesn't fit	doesn't fit

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
Bitget CRDOUSDT	−0.1279%	8h	184.31	+0.074%	$1.6M	$1.5M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	183.98	−0.105%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDTlong	0.0000%	8h	184.17	long leg	$37K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	184.13	−0.026%	$4.1M	$8.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.09	−0.046%	$703K	$747K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.20	+0.014%	$941K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	184.23	+0.030%	$657K	$126K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	184.48	+0.167%	$230K	$104K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	184.43	+0.141%	$692	$125K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	184.39	+0.117%	$964	$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	184.58	+0.220%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.96	−0.116%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.99	−0.100%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.86	−0.171%	$194K	$854K	20x	as long as short
Paragon para:CRDOshort	+0.1094%	1h	184.35	+0.095%	$1.3M	$469K	10x