Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1571%/8h= −172.1% APRpaid last 24h −0.164%

Price spread now: Aster against Paragon−0.163%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 against this trade now: funding costs −$47 a day on $10k at the current rate, and Aster is 0.163% cheaper against Paragon than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRDO	189.54	0.1571	pay 0.0196% / 1h	27m 41s	$1.3M	$450K	10x
Short	Aster CRDOUSDT	189.23	0	get 0.0000% / 8h	5h 27m	$38K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paragon. 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 ParagonbpFee AsterbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$329.99
Price spread: −0.163% → 0.000%: −$16.28
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$364.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 8 min ago; Aster: no order-book sample. 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 Paragon live order book, 8 min ago	7.39 bp	34.5 bp −$34	64.2 bp −$642	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
QFEX CRDO-USD	−0.0024%	1h	189.06	−0.251%	$1.1M	$2.8M	10x	as long as short
Aster CRDOUSDTshort	0.0000%	8h	189.23	−0.163%	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	189.07	−0.245%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.20	−0.177%	$716K	$740K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.15	−0.203%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.18	−0.187%	$657K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.10	−0.230%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.23	−0.163%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.24	−0.158%	$225	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.25	−0.150%	$1K	$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	189.22	−0.166%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.12	−0.219%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.21	−0.172%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.07	−0.245%	$196K	$894K	20x	as long as short
Paragon para:CRDOlong	+0.1571%	1h	189.54	long leg	$1.3M	$450K	10x