Funding you earn now, next payment 09:00 UTC−1.0037%/8h= −1099.1% APRpaid last 24h −0.090%
Price spread now: Bybit against Paragon+0.246%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−0.921%−$92 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. Bybit is 0.246% dearer against Paragon than usual: you sell high and buy low (spread +0.246% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$301 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.921% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.921% in total (about -48.0% 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:CIFR | 18.325 | 1.0037 | pay 0.1255% / 1h | 25m 18s | $978K | $814K | 10x |
| Short | Bybit CIFRUSDT | 18.370 | 0 | get 0.0000% / 8h | 7h 25m | $84K | $98K | 25x |
Paragon para:CIFR
Bybit CIFRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paragon. 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
- −$2,107.87
- Price spread: +0.246% → 0.000%
- $24.56
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,104.31
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Paragon: live order book, 62 min ago; Bybit: no order-book sample. 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, 62 min ago | 27.87 bp | 33.1 bp −$33 | 149.6 bp −$1,496 | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIFRUSDTshort | 0.0000% | 8h | 18.370 | +0.246% | $84K | $98K | 25x | |
| QFEX CIFR-USD | 0.0000% | 1h | 18.310 | −0.082% | $1.2M | $815K | 10x | as long as short |
| Gate CIFR_USDT | 0.0000% | 8h | 18.342 | +0.093% | $55K | $15K | 20x | as long as short |
| HTX CIFR-USDT | 0.0000% | 8h | 18.187 | −0.753% | $695 | $384K | 20x | as long as short |
| Paragon para:CIFRlong | +1.0037% | 1h | 18.325 | long leg | $978K | $814K | 10x |
QFEX CIFR-USD
Gate CIFR_USDT
HTX CIFR-USDT