Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.133%
Price spread now: Paragon against Binance−0.323%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2032.029% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 2 days (all we have)+0.141%+$14 · spread now −0.323%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paragon is 0.193% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NETUSDT | 353.36 | 0 | get 0.0000% / 8h | 6h 22m | $368K | $765K | 20x |
| Short | Paragon para:NET | 352.22 | −0.0050 | pay 0.0006% / 1h | 22m 19s | $175K | $38K | 10x |
Binance NETUSDT
Paragon para:NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Binance. 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
- −$10.41
- Price spread: −0.323% → −0.129%
- −$19.34
- Slippage, 4 orders
- −$182.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$232.69
- Costs to cover
- 2.029%
- Break-even
- never at this rate
Slippage from Binance: live order book, 70 min ago; Paragon: live order book, 23 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 Binance live order book, 70 min ago | 7.50 bp | 20.3 bp −$20 | 81.2 bp −$812 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 23 min ago | 70.12 bp | 75.1 bp −$75 | 155.6 bp −$1,556 | doesn't fit | doesn't fit |
NET on 10 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:NETshort | −0.0050% | 1h | 352.22 | −0.323% | $175K | $38K | 10x | |
| Binance NETUSDTlong | 0.0000% | 8h | 353.36 | long leg | $368K | $765K | 20x | |
| Bybit NETUSDT | 0.0000% | 8h | 353.00 | −0.102% | $384K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.10 | −0.074% | $177K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.60 | −0.215% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.30 | −0.017% | $185K | $563K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 352.50 | −0.243% | $9K | $346K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.02 | −0.096% | $371K | $185K | 10x | as long as short |
| Phoenix NET | +0.0317% | 1h | 353.21 | −0.042% | $169 | $85K | 10x | as long as short |
| edgeX NETUSDC | +0.0928% | 4h | 352.91 | −0.126% | $37K | $324K | 10x | as long as short |
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
Phoenix NET
edgeX NETUSDC