CRDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1382%/8h= −151.3% APRnext payment −$1.73 per $10,000 · paid last 24h −0.193%

Price spread now: QFEX against Paragon−0.266%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Paragon Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days+0.300%+$30 · spread now −0.266%, 7d avg −0.030%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and QFEX is 0.236% cheaper against Paragon than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.007% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.73 per $10,000. 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	187.99	0.1372	pay 0.0172% / 1h	41m 39s	$1.3M	$460K	10x
Short	QFEX CRDO-USD	187.49	−0.0009	pay 0.0001% / 1h	41m 39s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$290.17
Price spread: −0.266% → −0.030%: −$23.57
Slippage, 4 orders: −$46.87
Fee Paragon: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$380.61
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Paragon: live order book, 5 min ago; QFEX: live order book, 11 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, 5 min ago	4.52 bp	20.9 bp −$21	44.2 bp −$442	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.33 bp	10.3 bp −$10	17.5 bp −$175	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-USDshort	−0.0009%	1h	187.49	−0.266%	$1.1M	$2.5M	10x
Aster CRDOUSDT	0.0000%	8h	187.82	−0.088%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.54	−0.242%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.66	−0.176%	$711K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.68	−0.165%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.77	−0.117%	$653K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.72	−0.144%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.72	−0.142%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.68	−0.164%	$250	$116K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.99	−0.532%	$905	$516K	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	187.66	−0.176%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.51	−0.255%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.81	−0.096%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.62	−0.197%	$195K	$865K	20x	as long as short
Paragon para:CRDOlong	+0.1372%	1h	187.99	long leg	$1.3M	$460K	10x