Funding you earn now, next payment 06:00 UTC+0.3403%/8h= +372.6% APRpaid last 24h −0.232%
Price spread now: Gate against Paragon−0.447%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.952%−$95 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Gate is 0.447% cheaper against Paragon than usual: you would sell low and buy high (spread −0.447% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 11 hours of funding at the current rate (+$102 a day). Mind the row above: over the last 7 days funding on this pair cost −0.952%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.952% in total (about -49.6% 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 | 18.840 | −0.3403 | get 0.0425% / 1h | 2m 25s | $1.0M | $824K | 10x |
| Short | Gate CIFR_USDT | 18.756 | 0 | get 0.0000% / 8h | 2h 02m | $56K | $31K | 20x |
Paragon para:CIFR
Gate CIFR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $714.64
- Price spread: −0.447% → 0.000%
- −$44.69
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $644.95
- Costs to cover
- 0.250%
- Break-even
- 0.7 days
Slippage unknown: Paragon: live order book, 3 min ago; Gate: 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, 3 min ago | 42.63 bp | 47.6 bp −$48 | 165.7 bp −$1,657 | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: 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:CIFRlong | −0.3403% | 1h | 18.840 | long leg | $1.0M | $824K | 10x | |
| Bybit CIFRUSDT | 0.0000% | 8h | 18.730 | −0.585% | $82K | $94K | 25x | as long as short |
| QFEX CIFR-USD | 0.0000% | 1h | 18.760 | −0.426% | $1.2M | $791K | 10x | as long as short |
| Gate CIFR_USDTshort | 0.0000% | 8h | 18.756 | −0.447% | $56K | $31K | 20x | |
| HTX CIFR-USDT | 0.0000% | 8h | 18.770 | −0.373% | $631 | $383K | 20x | as long as short |
Bybit CIFRUSDT
QFEX CIFR-USD
HTX CIFR-USDT