Funding you earn now, next payment 01:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h +0.168%
Price spread now: Paragon against Bybit−0.527%53s7-day average −0.192% · you buy dearer than you sell
Net, funding: paid 7d − costs−$672as 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−$6716.707% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.446%+$45 · spread now −0.527%, 7d avg −0.192%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Paragon is 0.335% cheaper against Bybit than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.192%). Swap the legs. The two prices were read 53 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 -0.015% in total (about -0.8% 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 | Bybit NETUSDT | 353.04 | 0 | get 0.0000% / 8h | 7h 51m | $384K | $112K | 25x |
| Short | Paragon para:NET | 351.18 | −0.0582 | pay 0.0073% / 1h | 51m 55s | $174K | $38K | 10x |
Bybit NETUSDT
Paragon para:NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. 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
- −$122.14
- Price spread: −0.527% → −0.192%
- −$33.46
- Slippage, 4 orders
- −$649.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$826.34
- Costs to cover
- 6.707%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 13 min ago; Paragon: live order book, 3 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 Bybit live order book, 13 min ago | 7.10 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 3 min ago | 266.01 bp | 271.0 bp −$271 | 271.5 bp −$2,715 | 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 | −0.0582% | 1h | 351.18 | −0.527% | $174K | $38K | 10x | |
| edgeX NETUSDC | −0.0209% | 4h | 353.16 | +0.033% | $37K | $322K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.52 | +0.135% | $370K | $839K | 20x | as long as short |
| Bybit NETUSDTlong | 0.0000% | 8h | 353.04 | long leg | $384K | $112K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.79 | +0.212% | $178K | $105K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.90 | −0.040% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.37 | +0.093% | $205K | $623K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.10 | +0.017% | $9K | $348K | 20x | as long as short |
| Phoenix NET | +0.0068% | 1h | 352.98 | −0.017% | $167 | $85K | 10x | as long as short |
| tradeXYZ xyz:NET | +0.0483% | 1h | 353.34 | +0.085% | $372K | $188K | 10x | as long as short |
edgeX NETUSDC
Binance NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET
tradeXYZ xyz:NET