Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0997%/8h= −109.2% APRpaid last 24h −0.198%

Price spread now: OKX against Paragon+0.002%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.002%, 7d avg +0.020%

Together, before fees−0.406%−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.468% in total (about -24.4% 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	Paragon para:CRDO	184.20	0.0997	pay 0.0125% / 1h	45m 47s	$1.3M	$469K	10x
Short	OKX CRDO-USDT-SWAP	184.20	0	get 0.0000% / 8h	2h 45m	$940K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$209.34
Price spread: +0.002% → +0.020%: −$1.78
Slippage, 4 orders: −$73.24
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$304.36
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from Paragon: live order book, 1 min ago; OKX: live order book, 1 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 Paragon live order book, 1 min ago	7.60 bp	22.1 bp −$22	48.2 bp −$482	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.35 bp	28.7 bp −$29	50.1 bp −$501	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	−0.1286%	8h	184.03	−0.090%	$1.6M	$1.5M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	183.82	−0.204%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	184.08	−0.061%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	183.99	−0.112%	$4.1M	$8.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.02	−0.095%	$702K	$748K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	184.20	+0.002%	$940K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	183.90	−0.160%	$656K	$126K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	183.77	−0.229%	$229K	$104K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	184.43	+0.129%	$692	$125K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	184.14	−0.030%	$963	$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	183.83	−0.198%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.88	−0.169%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.83	−0.198%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.83	−0.198%	$194K	$853K	20x	as long as short
Paragon para:CRDOlong	+0.0997%	1h	184.20	long leg	$1.3M	$469K	10x