Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 190.66 | +0.0540 | pay 0.0067% / 1h | 23m 38s | $877K | $178K | 10x | Long Paragon | |
| SHORT | 190.88 | +0.0050 | get 0.0050% / 8h | 2h 23m | $989K | $1.7M | — | Short BingX |
Price gap+0.118%
Funding gap−0.0490% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $15 a day and eats that in about 18 hours. At the last 7 days' pace that is about 42 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$45−0.0490% /8h now · paid −0.447% over the last 7D
Price+$11spread +0.118% now, avg +0.007% → +0.111% if it goes back
Costs−$640.638% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.118%
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
/8hCRDO on 17 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size17.8 / 11.0 bpAt $10k entering Paragon costs 17.8 bp, fee and slippage, 1.6× BingX’s.
- Note: Margin at max leverage$1,000 + —Paragon 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$14.70Long Paragon: 24 payments, −$16.20; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.118% vs +0.007%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$877K vs $989K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0213%/8h × 21 periods−$44.67
Price spread+0.118% → +0.007% (7d avg)+$11.09
Slippage, 4 orderslive order books−$52.03
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$97.41
Costs to cover0.638%Break-evennever at this rate
Slippage: Paragon: live order book, 26 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon2.8117.8 bp−$1864.9 bp−$649doesn’t fitdoesn’t fit
SELL · SHORTBingX0.2611.0 bp−$1123.2 bp−$232125.0 bp−$12.5K1022.8 bp−$511.4K
Closing costs about the same again.
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| 09-25 14:38 | Paragon | Other | $TREAD led Paragon markets over the last 24h at +40.63%, with $SMCI +7.48%, $ANSEM +7.43% and $CRDO +7.06% rounding out the top of the board. @tradeparagon on X ↗ |


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