CIFR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:CIFR	7.8963	+0.3329	pay 0.0416% / 1h	44m 21s	$202K	$11K	10x	Long Paragon
SHORT	MEXCCIFRSTOCK_USDT	7.9700	0	0.0000% / 8h	6h 44m	$131K	$101K	20x	Short MEXC

Price gap+0.933%

Funding gap−0.3329% /8h

The gap pays +$50 on $10k if it goes back to its 7d average, but funding costs $100 a day and eats that in about 12 hours. At the last 7 days' pace that is about 41 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$9−0.3329% /8h now · paid −0.086% over the last 7D

Price+$50spread +0.933% now, avg +0.434% → +0.500% if it goes back

Costs−$2982.984% of $10k · taker + slippage, in and out

Result−$257−2.57%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.086% in total, about −0.0041%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.933%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CIFR on 7 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size34.8 / 110.7 bp
At $10k entering MEXC costs 110.7 bp, fee and slippage, 3.2× Paragon’s.
Note: Margin at max leverage$1,000 + $500
Paragon 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$99.88Long Paragon: 24 payments, −$99.88; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.933% vs +0.434%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$131K vs $202K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0041%/8h × 21 periods−$8.59

Price spread+0.933% → +0.434% (7d avg)+$49.96

Slippage, 4 orderslive order books−$292.61

Fee Paragon bp × 2 orders−$1.80

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$257.04

Costs to cover2.984%Break-evennever at this rate

Slippage: Paragon: live order book, 55 min ago; MEXC: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon31.6834.8 bp−$35174.4 bp−$1,744doesn’t fitdoesn’t fit

SELL · SHORTMEXC18.83110.7 bp−$111205.5 bp−$2,055238.1 bp−$23.8Kdoesn’t fit

Closing costs about the same again.