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Funding arb · Price arb /

LRCX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0260%/8h= +28.4% APRpaid last 24h +0.067%
Price spread now: Paragon against Binance−0.062%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Long on BinanceShort on Paragon
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 2 days (all we have)+0.070%+$7 · spread now −0.062%, 7d avg −0.086%
Together, before fees+0.158%+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paragon is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance LRCXUSDT305.880.0328pay 0.0328% / 8h6h 40m$868K$2.7M20x
ShortParagon para:LRCX305.690.0587get 0.0073% / 1h40m 46s$452K$52K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$54.53
Price spread: −0.062% → −0.086%
$2.34
Slippage, 4 orders
−$82.35
Fee Binance: 5 bp × 2 orders
−$10
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$45.48
Costs to cover
1.023%
Break-even
12.8 days
Slippage from Binance: live order book, 10 min ago; Paragon: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago2.77 bp16.5 bp −$1786.3 bp −$863doesn't fitdoesn't fit
Sell Paragon live order book, 5 min ago30.99 bp36.7 bp −$3768.6 bp −$686doesn't fitdoesn't fit

LRCX on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LRCXUSDT0.0000%8h305.71−0.056%$353K$526K25xas long as short
OKX LRCX-USDT-SWAP0.0000%8h305.53−0.114%$386K$314K20xas long as short
Gate LRCX_USDT0.0000%8h305.60−0.092%$263K$432K20xas long as short
Bitget LRCXUSDT0.0000%8h306.17+0.095%$322K$193K20xas long as short
Extended LRCX_24_5-USD+0.0040%1h306.45+0.186%——10xas long as short
Vest LRCX-USD-PERP+0.0046%1h305.82−0.020%—$4K10xas long as short
QFEX LRCX-USD+0.0051%1h305.84−0.013%$1.1M$2.8M10xas long as short
KuCoin LRCXUSDTM+0.0100%8h305.79−0.029%$178K$735K20xas long as short
HTX LRCX-USDT+0.0100%8h305.70−0.059%$9K$352K10xas long as short
Binance LRCXUSDTlong+0.0328%8h305.88long leg$868K$2.7M20x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin LRCX-USDT+0.0352%8h306.17+0.095%$63K$36K20xas long as short
Paragon para:LRCXshort+0.0587%1h305.69−0.062%$452K$52K10x