Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1389%/8h= +152.1% APRpaid last 24h +0.190%

Price spread now: Paragon against Gate+0.168%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on Gate Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.588%+$59 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.168%, 7d avg −0.013%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Paragon is 0.181% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.588% in total (about 30.6% 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	Gate CRDO_USDT	184.54	0	get 0.0000% / 8h	3h 18m	$648K	$122K	20x
Short	Paragon para:CRDO	184.85	0.1389	get 0.0174% / 1h	18m 03s	$1.3M	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Gate. 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 GatebpFee ParagonbpOrdersPrice spread, now +0.168%Rate

Funding earned: $291.66
Price spread: +0.168% → −0.013%: $18.15
Slippage, 4 orders: −$105.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paragon: 5 bp × 2 orders: −$10
Net: $179.66
Costs to cover: 1.301%
Break-even: 2.7 days

Slippage from Gate: live order book, 33 min ago; Paragon: live order book, 9 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 Gate live order book, 33 min ago	5.58 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 9 min ago	6.68 bp	17.7 bp −$18	54.0 bp −$540	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	−0.0360%	8h	184.55	+0.005%	$1.7M	$1.4M	20x	as long as short
QFEX CRDO-USD	−0.0009%	1h	184.44	−0.054%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	184.69	+0.083%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	184.39	−0.083%	$4.1M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.40	−0.076%	$701K	$736K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.70	+0.087%	$927K	$1.4M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	184.54	long leg	$648K	$122K	20x
Variational Omni CRDO	0.0000%	8h	185.64	+0.595%	$231K	$105K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	185.73	+0.645%	$678	$119K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.76	−0.423%	$867	$512K	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	184.99	+0.244%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	184.35	−0.100%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	184.56	+0.011%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	184.34	−0.108%	$192K	$861K	20x	as long as short
Paragon para:CRDOshort	+0.1389%	1h	184.85	+0.168%	$1.3M	$468K	10x