Funding you earn now, next payment 07:00 UTC−0.2682%/8h= −293.7% APRpaid last 24h +0.182%
Price spread now: Paragon against Bybit+0.256%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.935%+$94 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Paragon is 0.256% dearer against Bybit than usual: you sell high and buy low (spread +0.256% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$80 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.935%, 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 7 days it paid 0.935% in total (about 48.8% 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 | Bybit CIFRUSDT | 18.740 | 0 | get 0.0000% / 8h | 1h 12m | $83K | $96K | 25x |
| Short | Paragon para:CIFR | 18.788 | −0.2682 | pay 0.0335% / 1h | 12m 03s | $1.0M | $823K | 10x |
Bybit CIFRUSDT
Paragon para:CIFRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$563.17
- Price spread: +0.256% → 0.000%
- $25.61
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$558.56
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: no order-book sample; Paragon: live order book, 5 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 Bybit no order-book sample | — | — | — | — | — |
| Sell Paragon live order book, 5 min ago | 34.96 bp | 40.0 bp −$40 | 150.1 bp −$1,501 | doesn't fit | doesn't fit |
Bybit: 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.
CIFR on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIFRshort | −0.2682% | 1h | 18.788 | +0.256% | $1.0M | $823K | 10x | |
| Bybit CIFRUSDTlong | 0.0000% | 8h | 18.740 | long leg | $83K | $96K | 25x | |
| QFEX CIFR-USD | 0.0000% | 1h | 18.680 | −0.320% | $1.2M | $796K | 10x | as long as short |
| Gate CIFR_USDT | 0.0000% | 8h | 18.641 | −0.528% | $56K | $32K | 20x | as long as short |
| HTX CIFR-USDT | 0.0000% | 8h | 18.739 | −0.005% | $1K | $384K | 20x | as long as short |
QFEX CIFR-USD
Gate CIFR_USDT
HTX CIFR-USDT