Funding arb · Price arb /

LRCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1737%/8h= −190.2% APRpaid last 24h −0.090%

Price spread now: KuCoin against Paragon+0.012%50s7-day average −0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$407as 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−$4124.123% of the position

Long on Paragon Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.484%+$48 · spread now +0.012%, 7d avg −0.143%

Together, before fees+0.539%+$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.156% dearer against Paragon than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.143%): +$16 on $10k if it goes back. Holding the pair costs −$52 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you. The two prices were read 50 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 0.055% in total (about 2.9% 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	Paragon para:LRCX	306.21	0.1837	pay 0.0230% / 1h	1m 46s	$436K	$60K	10x
Short	KuCoin LRCXUSDTM	306.25	0.0100	get 0.0100% / 8h	5h 01m	$179K	$698K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee ParagonbpFee KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$364.73
Price spread: +0.012% → −0.143%: $15.55
Slippage, 4 orders: −$390.35
Fee Paragon: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$761.53
Costs to cover: 4.123%
Break-even: never at this rate

Slippage from Paragon: live order book, 34 min ago; KuCoin: live order book, 22 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 Paragon live order book, 34 min ago	34.09 bp	39.1 bp −$39	88.1 bp −$881	doesn't fit	doesn't fit
Sell KuCoin live order book, 22 min ago	11.78 bp	222.8 bp −$223	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
QFEX LRCX-USD	−0.0005%	1h	306.31	+0.032%	$1.1M	$2.7M	10x	as long as short
Bybit LRCXUSDT	0.0000%	8h	306.32	+0.035%	$337K	$538K	25x	as long as short
OKX LRCX-USDT-SWAP	0.0000%	8h	306.63	+0.136%	$388K	$298K	20x	as long as short
Gate LRCX_USDT	0.0000%	8h	306.10	−0.037%	$262K	$434K	20x	as long as short
Bitget LRCXUSDT	0.0000%	8h	306.46	+0.081%	$323K	$186K	20x	as long as short
Extended LRCX_24_5-USD	+0.0040%	1h	306.20	−0.004%	—	—	10x	as long as short
Vest LRCX-USD-PERP	+0.0046%	1h	306.31	+0.032%	—	$4K	10x	as long as short
BloFin LRCX-USDT	+0.0088%	8h	306.32	+0.035%	$63K	$35K	20x	as long as short
KuCoin LRCXUSDTMshort	+0.0100%	8h	306.25	+0.012%	$179K	$698K	20x
HTX LRCX-USDT	+0.0100%	8h	306.21	−0.001%	$9K	$353K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LRCXUSDT	+0.0108%	8h	306.38	+0.054%	$828K	$2.7M	20x	as long as short
Paragon para:LRCXlong	+0.1837%	1h	306.21	long leg	$436K	$60K	10x