Funding arb · Price arb /

LRCX

RWAall LRCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1692%/8h= +185.3% APRpaid last 24h +0.118%

Price spread now: Paragon against Bybit+0.285%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2862.858% of the position

Long on Bybit Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.285%, 7d avg +0.011%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Paragon is 0.273% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.257% in total (about 13.4% 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	Bybit LRCXUSDT	298.68	−0.0390	get 0.0390% / 8h	7h 43m	$281K	$408K	25x
Short	Paragon para:LRCX	299.53	0.1302	get 0.0163% / 1h	43m 06s	$114K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee ParagonbpOrdersPrice spread, now +0.285%Rate

Funding earned: $355.35
Price spread: +0.285% → +0.011%: $27.32
Slippage, 4 orders: −$264.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paragon: 5 bp × 2 orders: −$10
Net: $96.89
Costs to cover: 2.858%
Break-even: 5.1 days

Slippage from Bybit: live order book, 47 min ago; Paragon: live order book, 2 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 Bybit live order book, 47 min ago	8.50 bp	46.9 bp −$47	210.5 bp −$2,105	doesn't fit	doesn't fit
Sell Paragon live order book, 2 min ago	73.83 bp	86.8 bp −$87	doesn't fit	doesn't fit	doesn't fit

LRCX on 12 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
Bybit LRCXUSDTlong	−0.0390%	8h	298.68	long leg	$281K	$408K	25x
Binance LRCXUSDT	0.0000%	8h	298.80	+0.039%	$796K	$2.6M	20x	as long as short
OKX LRCX-USDT-SWAP	0.0000%	8h	297.94	−0.248%	$374K	$281K	20x	as long as short
Gate LRCX_USDT	0.0000%	8h	298.40	−0.094%	$245K	$482K	20x	as long as short
Bitget LRCXUSDT	0.0000%	8h	298.39	−0.097%	$310K	$189K	20x	as long as short
QFEX LRCX-USD	+0.0020%	1h	297.81	−0.291%	$1.1M	$2.7M	10x	as long as short
BloFin LRCX-USDT	+0.0020%	8h	298.26	−0.141%	$63K	$34K	20x	as long as short
Extended LRCX_24_5-USD	+0.0040%	1h	299.73	+0.350%	—	—	10x	as long as short
Vest LRCX-USD-PERP	+0.0046%	1h	297.74	−0.315%	—	$4K	10x	as long as short
KuCoin LRCXUSDTM	+0.0100%	8h	298.11	−0.191%	$177K	$615K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LRCX-USDT	+0.0100%	8h	298.35	−0.110%	$9K	$359K	10x	as long as short
Paragon para:LRCXshort	+0.1302%	1h	299.53	+0.285%	$114K	$212K	10x