Funding you earn now, next payment 09:00 UTC−0.1578%/8h= −172.8% APRpaid last 24h −0.093%
Price spread now: Paragon against Bitget−0.142%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$483as in the Funding arb table
Net, price: spread back to 7d avg − costs−$481as in the Price arb table
costs, in and out, $10k−$4774.773% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.142%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Paragon is 0.036% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% 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 | Bitget NETUSDT | 351.55 | 0 | get 0.0000% / 8h | 7h 12m | $224K | $649K | 20x |
| Short | Paragon para:NET | 351.05 | −0.1578 | pay 0.0197% / 1h | 12m 29s | $180K | $44K | 10x |
Bitget NETUSDT
Paragon para:NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bitget. 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
- −$331.46
- Price spread: −0.142% → −0.106%
- −$3.62
- Slippage, 4 orders
- −$455.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$812.4
- Costs to cover
- 4.773%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 18 min ago; Paragon: live order book, 33 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 Bitget live order book, 18 min ago | 29.20 bp | 62.9 bp −$63 | 84.5 bp −$845 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 33 min ago | 62.50 bp | 200.9 bp −$201 | doesn't fit | 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 | −0.1578% | 1h | 351.05 | −0.142% | $180K | $44K | 10x | |
| edgeX NETUSDC | −0.0202% | 4h | 351.87 | +0.091% | $37K | $334K | 10x | as long as short |
| Phoenix NET | −0.0068% | 1h | 351.54 | −0.003% | $164 | $80K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 351.56 | +0.003% | $364K | $806K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 351.34 | −0.060% | $388K | $115K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.69 | +0.040% | $174K | $98K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.00 | −0.156% | $39K | $4K | 20x | as long as short |
| Bitget NETUSDTlong | 0.0000% | 8h | 351.55 | long leg | $224K | $649K | 20x | |
| HTX NET-USDT | 0.0000% | 8h | 352.19 | +0.182% | $9K | $354K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 351.39 | −0.046% | $384K | $189K | 10x | as long as short |
edgeX NETUSDC
Phoenix NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
HTX NET-USDT
tradeXYZ xyz:NET