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Funding arb · Price arb /

LRCX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.117%
Price spread now: Paragon against OKX−0.015%54s7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1741.741% of the position
Long on OKXShort on Paragon
What this pair did over the last
the charts below follow
Funding, last 7 days+0.284%+$28 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.015%, 7d avg +0.077%
Together, before fees+0.241%+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paragon is 0.092% cheaper against OKX than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.077%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.284% in total) that is about 2.3 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.284% in total (about 14.8% 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
LongOKX LRCX-USDT-SWAP299.070get 0.0000% / 8h1h 41m$378K$290K20x
ShortParagon para:LRCX299.020.0716get 0.0089% / 1h41m 00s$426K$52K10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$150.28
Price spread: −0.015% → +0.077%
−$9.25
Slippage, 4 orders
−$154.13
Fee OKX: 5 bp × 2 orders
−$10
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$33.1
Costs to cover
1.741%
Break-even
8.5 days
Slippage from OKX: live order book, 64 min ago; Paragon: live order book, 25 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 OKX live order book, 64 min ago13.14 bp54.4 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell Paragon live order book, 25 min ago44.96 bp50.8 bp −$51102.2 bp −$1,022doesn'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
BloFin LRCX-USDT−0.0010%8h299.47+0.134%$63K$35K20xas long as short
Binance LRCXUSDT0.0000%8h299.18+0.037%$805K$2.7M20xas long as short
Bybit LRCXUSDT0.0000%8h298.92−0.050%$279K$508K25xas long as short
OKX LRCX-USDT-SWAPlong0.0000%8h299.07long leg$378K$290K20x
Gate LRCX_USDT0.0000%8h299.10+0.010%$239K$476K20xas long as short
Bitget LRCXUSDT0.0000%8h299.37+0.100%$312K$192K20xas long as short
Extended LRCX_24_5-USD+0.0040%1h298.60−0.157%——10xas long as short
Vest LRCX-USD-PERP+0.0046%1h299.070.000%—$4K10xas long as short
QFEX LRCX-USD+0.0053%1h299.18+0.037%$1.1M$2.6M10xas long as short
KuCoin LRCXUSDTM+0.0100%8h298.79−0.094%$178K$613K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX LRCX-USDT+0.0100%8h299.29+0.074%$9K$358K10xas long as short
Paragon para:LRCXshort+0.0716%1h299.02−0.015%$426K$52K10x