Funding arb · Price arb /

LRCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.125%

Price spread now: OKX against Paragon+0.085%54s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as 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−$1471.473% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.085%, 7d avg −0.079%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.164% dearer against Paragon than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.079%): +$16 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.278% in total) that is about 4.1 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 -0.278% in total (about -14.5% 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	301.33	0.0536	pay 0.0067% / 1h	18m 47s	$429K	$60K	10x
Short	OKX LRCX-USDT-SWAP	301.59	0	get 0.0000% / 8h	3h 18m	$380K	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$112.59
Price spread: +0.085% → −0.079%: $16.41
Slippage, 4 orders: −$127.3
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$243.48
Costs to cover: 1.473%
Break-even: never at this rate

Slippage from Paragon: live order book, 67 min ago; OKX: live order book, 32 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, 67 min ago	30.66 bp	36.4 bp −$36	77.1 bp −$771	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	6.91 bp	47.0 bp −$47	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
BloFin LRCX-USDT	−0.0022%	8h	301.67	+0.112%	$63K	$35K	20x	as long as short
Binance LRCXUSDT	0.0000%	8h	301.62	+0.095%	$813K	$2.7M	20x	as long as short
Bybit LRCXUSDT	0.0000%	8h	301.58	+0.082%	$334K	$439K	25x	as long as short
OKX LRCX-USDT-SWAPshort	0.0000%	8h	301.59	+0.085%	$380K	$278K	20x
Gate LRCX_USDT	0.0000%	8h	301.60	+0.089%	$239K	$442K	20x	as long as short
Bitget LRCXUSDT	0.0000%	8h	302.04	+0.235%	$314K	$190K	20x	as long as short
QFEX LRCX-USD	+0.0019%	1h	300.92	−0.137%	$1.1M	$2.6M	10x	as long as short
Extended LRCX_24_5-USD	+0.0040%	1h	300.94	−0.132%	—	—	10x	as long as short
Vest LRCX-USD-PERP	+0.0046%	1h	300.94	−0.130%	—	$4K	10x	as long as short
KuCoin LRCXUSDTM	+0.0100%	8h	301.52	+0.062%	$176K	$663K	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	301.50	+0.056%	$9K	$354K	10x	as long as short
Paragon para:LRCXlong	+0.0536%	1h	301.33	long leg	$429K	$60K	10x