Funding you earn now, next payment 09:00 UTC+0.5456%/8h= +597.5% APRpaid last 24h +0.093%
Price spread now: Binance against Paragon+0.134%52s7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$238as 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−$2472.470% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 2 days (all we have)+0.044%+$4 · spread now +0.134%, 7d avg +0.131%
=The price spread sits at its 7-day average of +0.131%, so right now this pair is about funding alone: +$164 a day on $10k at the current rate. The two prices were read 52 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 0.093% in total (about 4.9% 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 | Paragon para:NET | 351.20 | −0.5456 | get 0.0682% / 1h | 46m 52s | $181K | $45K | 10x |
| Short | Binance NETUSDT | 351.67 | 0 | get 0.0000% / 8h | 7h 46m | $361K | $812K | 20x |
Paragon para:NET
Binance NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $1,145.8
- Price spread: +0.134% → +0.131%
- $0.29
- Slippage, 4 orders
- −$227.02
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $899.06
- Costs to cover
- 2.470%
- Break-even
- 1.5 days
Slippage from Paragon: live order book, 69 min ago; Binance: live order book, 15 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 Paragon live order book, 69 min ago | 90.72 bp | 96.4 bp −$96 | 175.6 bp −$1,756 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.41 bp | 18.1 bp −$18 | 83.3 bp −$833 | 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:NETlong | −0.5456% | 1h | 351.20 | long leg | $181K | $45K | 10x | |
| Phoenix NET | −0.0068% | 1h | 348.53 | −0.760% | $168 | $80K | 10x | as long as short |
| tradeXYZ xyz:NET | −0.0039% | 1h | 351.22 | +0.006% | $395K | $185K | 10x | as long as short |
| Binance NETUSDTshort | 0.0000% | 8h | 351.67 | +0.134% | $361K | $812K | 20x | |
| Bybit NETUSDT | 0.0000% | 8h | 351.93 | +0.208% | $389K | $115K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 352.21 | +0.288% | $175K | $103K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.20 | 0.000% | $39K | $4K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 351.34 | +0.040% | $224K | $649K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 351.06 | −0.040% | $9K | $354K | 20x | as long as short |
| edgeX NETUSDC | +0.0107% | 4h | 352.15 | +0.271% | $37K | $333K | 10x | as long as short |
Phoenix NET
tradeXYZ xyz:NET
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
edgeX NETUSDC