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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 08:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.110%
Price spread now: QFEX against Paragon−0.007%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1761.758% of the position
Long on ParagonShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.062%−$6 on $10k
Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.007%, 7d avg −0.045%
Together, before fees+0.069%+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.038% dearer against Paragon than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.045%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.062% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.062% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. 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:LRCX299.730.0468pay 0.0058% / 1h50m 33s$110K$210K10x
ShortQFEX LRCX-USD299.71−0.0006pay 0.0001% / 1h50m 33s$1.1M$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
−$99.47
Price spread: −0.007% → −0.045%
$3.85
Slippage, 4 orders
−$155.76
Fee Paragon: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$271.38
Costs to cover
1.758%
Break-even
never at this rate
Slippage from Paragon: live order book, 5 min ago; QFEX: live order book, 2 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, 5 min ago42.83 bp48.0 bp −$4873.3 bp −$733doesn't fitdoesn't fit
Sell QFEX live order book, 2 min ago27.19 bp37.5 bp −$38doesn't fitdoesn'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
QFEX LRCX-USDshort−0.0006%1h299.71−0.007%$1.1M$2.6M10x
Binance LRCXUSDT0.0000%8h299.76+0.009%$803K$2.7M20xas long as short
Bybit LRCXUSDT0.0000%8h299.83+0.033%$280K$492K25xas long as short
OKX LRCX-USDT-SWAP0.0000%8h300.45+0.240%$377K$289K20xas long as short
Gate LRCX_USDT0.0000%8h299.50−0.077%$239K$472K20xas long as short
Bitget LRCXUSDT0.0000%8h300.23+0.167%$313K$192K20xas long as short
BloFin LRCX-USDT+0.0030%8h300.01+0.093%$63K$34K20xas long as short
Extended LRCX_24_5-USD+0.0040%1h300.11+0.125%——10xas long as short
Vest LRCX-USD-PERP+0.0046%1h299.62−0.037%—$4K10xas long as short
KuCoin LRCXUSDTM+0.0100%8h299.04−0.230%$179K$591K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX LRCX-USDT+0.0100%8h299.66−0.023%$9K$358K10xas long as short
Paragon para:LRCXlong+0.0468%1h299.73long leg$110K$210K10x