Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0911%/8h= −99.8% APRpaid last 24h −0.198%

Price spread now: Variational Omni against Paragon+0.001%7-day average −0.009% · you sell dearer than you buy

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

Long on Paragon Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.001%, 7d avg −0.009%

Together, before fees+0.128%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.066% in total (about 6.8% 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	180.74	0.0911	pay 0.0114% / 1h	25m 38s	$1.2M	$488K	10x
Short	Variational Omni CRDO	180.75	0	get 0.0000% / 8h	2h 25m	$196K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.001%Rate

Funding earned: −$191.31
Price spread: +0.001% → −0.009%: $0.98
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$200.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 1 min ago; Variational Omni: RFQ quote, 23 min ago. 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, 1 min ago	12.46 bp	36.0 bp −$36	65.3 bp −$653	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 23 min ago	5.76 bp	doesn't fit	94.2 bp −$942	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	−0.1783%	8h	180.83	+0.048%	$1.6M	$1.7M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	180.33	−0.229%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	180.66	−0.044%	$36K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	180.68	−0.033%	$4.0M	$9.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	180.62	−0.068%	$697K	$770K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	180.74	−0.002%	$922K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	180.79	+0.026%	$645K	$126K	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	180.75	+0.001%	$196K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.28	+0.848%	$738	$129K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	180.90	+0.086%	$810	$510K	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	181.51	+0.424%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	180.52	−0.121%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	180.62	−0.068%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	180.62	−0.068%	$194K	$847K	20x	as long as short
Paragon para:CRDOlong	+0.0911%	1h	180.74	long leg	$1.2M	$488K	10x