Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0819%/8h= +89.7% APRpaid last 24h +0.164%

Price spread now: Paragon against OKX+0.303%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on OKX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.393%+$39 on $10k

Price spread, last 7 days−0.201%−$20 · spread now +0.303%, 7d avg −0.023%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Paragon is 0.326% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% 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	OKX CRDO-USDT-SWAP	188.88	0	get 0.0000% / 8h	13m 23s	$895K	$1.5M	20x
Short	Paragon para:CRDO	189.45	0.0819	get 0.0102% / 1h	13m 23s	$1.2M	$390K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against OKX. 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 OKXbpFee ParagonbpOrdersPrice spread, now +0.303%Rate

Funding earned: $172.01
Price spread: +0.303% → −0.023%: $32.6
Slippage, 4 orders: −$51.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: $133.51
Costs to cover: 0.711%
Break-even: 1.6 days

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	2.91 bp	18.5 bp −$19	38.8 bp −$388	doesn't fit	doesn't fit
Sell Paragon live order book, 4 min ago	8.71 bp	23.9 bp −$24	60.0 bp −$600	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	−0.0027%	1h	188.72	−0.085%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.09	+0.110%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.77	−0.060%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.88	0.000%	$729K	$817K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	188.88	long leg	$895K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	189.00	+0.064%	$658K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.85	−0.016%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.81	−0.038%	$207K	$40K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.94	+0.034%	$618	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.83	−0.026%	$797	$609K	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	188.84	−0.021%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.84	−0.019%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.84	−0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.81	−0.037%	$192K	$912K	20x	as long as short
Paragon para:CRDOshort	+0.0819%	1h	189.45	+0.303%	$1.2M	$390K	10x