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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 02:00 UTC−0.0457%/8h= −50.1% APRpaid last 24h −0.114%
Price spread now: Bybit against Paragon+0.013%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2162.159% of the position
Long on ParagonShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.195%−$19 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.013%, 7d avg −0.012%
Together, before fees−0.144%−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.025% dearer against Paragon than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.195% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParagon para:LRCX306.070.0457pay 0.0057% / 1h45m 41s$452K$52K10x
ShortBybit LRCXUSDT306.110get 0.0000% / 8h6h 45m$354K$525K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Paragon. 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
−$96
Price spread: +0.013% → −0.012%
$2.54
Slippage, 4 orders
−$194.92
Fee Paragon: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$309.39
Costs to cover
2.159%
Break-even
never at this rate
Slippage from Paragon: live order book, 70 min ago; Bybit: live order book, 14 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 Paragon live order book, 70 min ago37.58 bp46.9 bp −$4795.0 bp −$950doesn't fitdoesn't fit
Sell Bybit live order book, 14 min ago8.29 bp57.1 bp −$57212.1 bp −$2,121doesn'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 LRCXUSDTshort0.0000%8h306.11+0.013%$354K$525K25x
OKX LRCX-USDT-SWAP0.0000%8h305.80−0.088%$387K$314K20xas long as short
Gate LRCX_USDT0.0000%8h305.90−0.056%$263K$432K20xas long as short
Bitget LRCXUSDT0.0000%8h306.28+0.069%$322K$194K20xas long as short
Extended LRCX_24_5-USD+0.0040%1h306.45+0.126%——10xas long as short
Vest LRCX-USD-PERP+0.0046%1h305.91−0.052%—$4K10xas long as short
QFEX LRCX-USD+0.0051%1h305.94−0.042%$1.1M$2.9M10xas long as short
KuCoin LRCXUSDTM+0.0100%8h306.10+0.010%$178K$739K20xas long as short
HTX LRCX-USDT+0.0100%8h305.97−0.033%$9K$352K10xas long as short
Binance LRCXUSDT+0.0341%8h306.16+0.030%$869K$2.7M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin LRCX-USDT+0.0352%8h306.17+0.033%$63K$36K20xas long as short
Paragon para:LRCXlong+0.0457%1h306.07long leg$452K$52K10x