Funding you earn now, next payment 02:00 UTC+0.0607%/8h= +66.4% APRpaid last 24h −0.232%
Price spread now: Bitget against Paragon−0.224%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.195%−$120 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bitget is 0.224% cheaper against Paragon than usual: you would sell low and buy high (spread −0.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 30 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −1.195%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:MELI | 1,822.7 | −0.0607 | get 0.0076% / 1h | 47m 19s | $86K | $82K | 10x |
| Short | Bitget MELIUSDT | 1,818.6 | 0 | get 0.0000% / 8h | 6h 47m | $140K | $23K | 20x |
Paragon para:MELI
Bitget MELIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $127.43
- Price spread: −0.224% → 0.000%
- −$22.44
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $82.99
- Costs to cover
- 0.220%
- Break-even
- 2.4 days
Slippage unknown: Paragon: no order-book sample; Bitget: live order book, 12 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 12 min ago | 20.62 bp | 53.2 bp −$53 | 90.8 bp −$908 | doesn't fit | doesn't fit |
Paragon: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MELI on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:MELIlong | −0.0607% | 1h | 1,822.7 | long leg | $86K | $82K | 10x | |
| Gate MELI_USDT | 0.0000% | 8h | 1,822 | −0.038% | $99K | $10K | 20x | as long as short |
| Bitget MELIUSDTshort | 0.0000% | 8h | 1,818.6 | −0.224% | $140K | $23K | 20x | |
| HTX MELI-USDT | 0.0000% | 8h | 1,822.5 | −0.010% | $5K | $399K | 20x | as long as short |
| Extended MELI-USD | +0.0040% | 1h | 1,822.5 | −0.013% | $14K | $2K | 10x | as long as short |
Gate MELI_USDT
HTX MELI-USDT
Extended MELI-USD