Funding you earn now, next payment 00:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.008%
Price spread now: Paragon against OKX−0.130%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.130%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paragon is 0.062% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% 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 | OKX GLW-USDT-SWAP | 161.45 | 0.0263 | pay 0.0263% / 8h | 17m 09s | $2.3M | $4.5M | 20x |
| Short | Paragon para:GLW | 161.24 | −0.0026 | pay 0.0003% / 1h | 17m 09s | $321K | $29K | 10x |
OKX GLW-USDT-SWAP
Paragon para:GLWFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against OKX. 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
- −$60.69
- Price spread: −0.130% → −0.068%
- −$6.19
- Slippage, 4 orders
- −$50.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$137.05
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Paragon: live order book, 48 min ago.
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 OKX live order book, 5 min ago | 1.24 bp | 15.2 bp −$15 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 48 min ago | 10.64 bp | 26.7 bp −$27 | 50.3 bp −$503 | doesn't fit | doesn't fit |
GLW on 17 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:GLWshort | −0.0026% | 1h | 161.24 | −0.130% | $321K | $29K | 10x | |
| Aster GLWUSDT | 0.0000% | 8h | 161.27 | −0.114% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.37 | −0.050% | $924K | $195K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.19 | −0.161% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.27 | −0.111% | $895 | $2.0M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.39 | −0.037% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.29 | −0.099% | $301K | $104K | 10x | as long as short |
| QFEX GLW-USD | +0.0065% | 1h | 161.36 | −0.056% | $1.1M | $2.2M | 10x | as long as short |
| HTX GLW-USDT | +0.0087% | 8h | 161.45 | 0.000% | $17K | $16K | 20x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 161.18 | −0.167% | $323K | $998K | 20x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USD
HTX GLW-USDT
KuCoin GLWUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.31 | −0.087% | $2K | $2K | 10x | as long as short |
| Bitget GLWUSDT | +0.0181% | 8h | 161.36 | −0.056% | $2.2M | $935K | 20x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0263% | 8h | 161.45 | long leg | $2.3M | $4.5M | 20x | |
| Extended GLW-USD | +0.0568% | 1h | 161.36 | −0.056% | $2K | $2K | 10x | as long as short |
| Binance GLWUSDT | +0.0570% | 8h | 161.39 | −0.037% | $11.0M | $21.1M | 20x | as long as short |
| BloFin GLW-USDT | +0.0595% | 8h | 161.46 | +0.006% | $151K | $35K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0618% | 8h | 161.32 | −0.079% | $97 | $174K | 10x | as long as short |
Orderly PERP_GLW_USDC_mythos
Bitget GLWUSDT
Extended GLW-USD
Binance GLWUSDT
BloFin GLW-USDT
GRVT GLW_USDT_Perp