Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2792%/8h= +305.7% APRpaid last 24h +0.201%

Price spread now: Paragon against Bitget+0.145%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Bitget Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.464%+$46 on $10k

Price spread, last 7 days−0.259%−$26 · spread now +0.145%, 7d avg −0.063%

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

Both sides work for this trade now. Funding pays +$84 a day on $10k at the current rate, and Paragon is 0.208% dearer against Bitget than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.464% 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	Bitget CRDOUSDT	181.18	−0.1903	get 0.1903% / 8h	1h 44m	$1.7M	$1.8M	20x
Short	Paragon para:CRDO	181.44	0.0889	get 0.0111% / 1h	44m 16s	$1.2M	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bitget. 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 BitgetbpFee ParagonbpOrdersPrice spread, now +0.145%Rate

Funding earned: $586.29
Price spread: +0.145% → −0.063%: $20.83
Slippage, 4 orders: −$73.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: $511.98
Costs to cover: 0.951%
Break-even: 0.9 days

Slippage from Bitget: live order book, 3 min ago; Paragon: live order book, 3 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 Bitget live order book, 3 min ago	8.82 bp	16.1 bp −$16	22.9 bp −$229	doesn't fit	doesn't fit
Sell Paragon live order book, 3 min ago	7.72 bp	33.1 bp −$33	53.5 bp −$535	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 CRDOUSDTlong	−0.1903%	8h	181.18	long leg	$1.7M	$1.8M	20x
Aster CRDOUSDT	0.0000%	8h	181.12	−0.034%	$36K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	180.93	−0.138%	$4.0M	$9.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	180.97	−0.116%	$698K	$779K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	181.08	−0.055%	$914K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.03	−0.083%	$621K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.02	−0.086%	$196K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.03	−0.083%	$652	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	181.00	−0.099%	$1K	$506K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	181.30	+0.066%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	+0.0013%	1h	181.13	−0.028%	$1.1M	$2.4M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.00	−0.099%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.11	−0.039%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.05	−0.072%	$194K	$838K	20x	as long as short
Paragon para:CRDOshort	+0.0889%	1h	181.44	+0.145%	$1.2M	$488K	10x