Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0581%/8h= −63.6% APRpaid last 24h −0.327%

Price spread now: Bitget against Paragon−0.048%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1041.039% of the position

Long on Paragon Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.572%−$57 on $10k

Price spread, last 7 days+0.197%+$20 · spread now −0.048%, 7d avg +0.061%

Together, before fees−0.374%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.109% cheaper against Paragon than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRDO	186.34	0.0581	pay 0.0073% / 1h	4m 34s	$1.2M	$503K	10x
Short	Bitget CRDOUSDT	186.25	0	get 0.0000% / 8h	5h 04m	$1.8M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$122.04
Price spread: −0.048% → +0.061%: −$10.88
Slippage, 4 orders: −$81.87
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$236.79
Costs to cover: 1.039%
Break-even: never at this rate

Slippage from Paragon: live order book, 6 min ago; Bitget: live order book, just now.

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, 6 min ago	9.92 bp	26.1 bp −$26	79.4 bp −$794	doesn't fit	doesn't fit
Sell Bitget live order book, just now	9.40 bp	21.8 bp −$22	47.5 bp −$475	185.5 bp −$18.5K	doesn't fit

CRDO on 15 exchanges

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	−0.0003%	1h	185.98	−0.193%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	186.01	−0.178%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	186.01	−0.177%	$4.1M	$9.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	186.26	−0.043%	$679K	$713K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	186.27	−0.038%	$967K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	186.13	−0.113%	$644K	$141K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	186.25	−0.048%	$1.8M	$1.9M	20x
Variational Omni CRDO	0.0000%	8h	185.99	−0.190%	$203K	$131K	—	as long as short
SunX CRDO-USDT	0.0000%	8h	186.02	−0.172%	$1K	$375K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	186.02	−0.172%	$8K	$41K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRDO_24_5-USD	+0.0040%	1h	186.04	−0.160%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	186.01	−0.177%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.12	−0.118%	$193K	$964K	20x	as long as short
GRVT CRDO_USDT_Perp	+0.0471%	8h	185.94	−0.215%	$881	$135K	10x	as long as short
Paragon para:CRDOlong	+0.0581%	1h	186.34	long leg	$1.2M	$503K	10x