Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1348%/8h= +147.6% APRpaid last 24h +0.190%

Price spread now: Paragon against Binance+0.213%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.431%+$43 on $10k

Price spread, last 7 days−0.272%−$27 · spread now +0.213%, 7d avg −0.011%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Paragon is 0.224% dearer against Binance than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.431% in total (about 22.5% 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	Binance CRDOUSDT	187.71	0	get 0.0000% / 8h	3h 43m	$4.2M	$8.1M	20x
Short	Paragon para:CRDO	188.11	0.1348	get 0.0169% / 1h	43m 06s	$1.3M	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now +0.213%Rate

Funding earned: $283.16
Price spread: +0.213% → −0.011%: $22.4
Slippage, 4 orders: −$57.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: $228.24
Costs to cover: 0.773%
Break-even: 1.4 days

Slippage from Binance: live order book, 11 min ago; Paragon: live order book, 4 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 Binance live order book, 11 min ago	1.33 bp	15.0 bp −$15	58.8 bp −$588	193.6 bp −$19.4K	doesn't fit
Sell Paragon live order book, 4 min ago	4.52 bp	26.1 bp −$26	48.7 bp −$487	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
QFEX CRDO-USD	−0.0009%	1h	187.69	−0.010%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.85	+0.075%	$38K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	187.71	long leg	$4.2M	$8.1M	20x
Bybit CRDOUSDT	0.0000%	8h	187.78	+0.038%	$711K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.74	+0.017%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.87	+0.086%	$653K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.76	+0.028%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.72	+0.007%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.68	−0.014%	$250	$116K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.99	−0.383%	$905	$517K	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	187.66	−0.026%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.75	+0.025%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.81	+0.054%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.68	−0.015%	$195K	$865K	20x	as long as short
Paragon para:CRDOshort	+0.1348%	1h	188.11	+0.213%	$1.3M	$460K	10x