Funding you earn now, next payment 01:00 UTC−0.0373%/8h= −40.9% APRpaid last 24h +0.168%
Price spread now: Paragon against OKX−0.690%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$677as in the Funding arb table
Net, price: spread back to 7d avg − costs−$731as in the Price arb table
costs, in and out, $10k−$6766.760% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.638%+$64 · spread now −0.690%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paragon is 0.549% cheaper against OKX than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
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 | OKX NET-USDT-SWAP | 353.79 | 0 | get 0.0000% / 8h | 7h 53m | $178K | $105K | 20x |
| Short | Paragon para:NET | 351.35 | −0.0373 | pay 0.0047% / 1h | 53m 07s | $174K | $38K | 10x |
OKX NET-USDT-SWAP
Paragon para:NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against OKX. 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
- −$78.37
- Price spread: −0.690% → −0.140%
- −$54.94
- Slippage, 4 orders
- −$655.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$809.26
- Costs to cover
- 6.760%
- Break-even
- never at this rate
Slippage from OKX: live order book, 17 min ago; Paragon: live order book, 2 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 OKX live order book, 17 min ago | 10.91 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 2 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 | −0.0373% | 1h | 351.35 | −0.690% | $174K | $38K | 10x | |
| edgeX NETUSDC | −0.0209% | 4h | 353.16 | −0.179% | $37K | $322K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.25 | −0.153% | $369K | $839K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 353.04 | −0.212% | $384K | $112K | 25x | as long as short |
| OKX NET-USDT-SWAPlong | 0.0000% | 8h | 353.79 | long leg | $178K | $105K | 20x | |
| Gate NET_USDT | 0.0000% | 8h | 352.90 | −0.252% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.18 | −0.172% | $198K | $601K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.24 | −0.155% | $9K | $348K | 20x | as long as short |
| Phoenix NET | +0.0068% | 1h | 352.98 | −0.229% | $167 | $85K | 10x | as long as short |
| tradeXYZ xyz:NET | +0.0505% | 1h | 353.04 | −0.212% | $372K | $188K | 10x | as long as short |
edgeX NETUSDC
Binance NETUSDT
Bybit NETUSDT
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET
tradeXYZ xyz:NET