Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NET

RWAAll NET markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Paragonpara:NET
352.99+0.0060pay 0.0008% / 1h10m 19s$158K$22K10xLong Paragon
SHORT
BingXNCSKNET2USD-USDT
353.77+0.0050get 0.0050% / 8h4h 10m$972K$1.6M—Short BingX
Price gap+0.221%
Funding gap−0.0010% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 12 days.

Funding on this pair paid 0.810% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$81−0.0010% /8h now · paid +0.810% over the last 7D
Price+$3spread +0.221% now, avg +0.186% → +0.035% if it goes back
Costs−$1551.548% of $10k · taker + slippage, in and out
Result−$70−0.70%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.221%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NET on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size29.9 / 50.7 bp
    At $10k entering BingX costs 50.7 bp, fee and slippage, 1.7× Paragon’s.
  • Note: Margin at max leverage$1,000 + —
    Paragon 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.30Long Paragon: 24 payments, −$1.80; short BingX: 3 payments, +$1.50.
  • OK: Entry gap works for you+0.221% vs +0.186%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$158K vs $972K OI
    Paragon sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCParagon No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0386%/8h × 21 periods+$80.97
Price spread+0.221% → +0.186% (7d avg)+$3.46
Slippage, 4 orderslive order books−$143.00
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$70.36
Costs to cover1.548%Break-even13.1 days
Slippage: Paragon: live order book, 59 min ago; BingX: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGParagon29.0029.9 bp−$30109.8 bp−$1,098doesn’t fitdoesn’t fit
SELL · SHORTBingX19.2350.7 bp−$51115.4 bp−$1,154244.6 bp−$24.5K761.9 bp−$381.0K

Closing costs about the same again.

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