Funding you earn now, next payment 06:00 UTC+0.1970%/8h= +215.7% APRpaid last 24h −0.035%
Price spread now: Bitget against Paragon−0.576%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1351.349% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.576%, 7d avg +0.114%
=Funding pays, the price is against you. Bitget is 0.690% cheaper against Paragon than usual: you would sell low and buy high (spread −0.576% now, against its 7-day average of +0.114%). If the spread goes back, that is −$69 on $10k: about 28 hours of funding at the current rate (+$59 a day). At the pace of the last 7 days (+0.055% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% 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 | 352.42 | −0.1970 | get 0.0246% / 1h | 16m 20s | $176K | $40K | 10x |
| Short | Bitget NETUSDT | 350.39 | 0 | get 0.0000% / 8h | 2h 16m | $237K | $602K | 20x |
Paragon para:NET
Bitget NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $413.71
- Price spread: −0.576% → +0.114%
- −$69.04
- Slippage, 4 orders
- −$112.91
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $209.76
- Costs to cover
- 1.349%
- Break-even
- 3.5 days
Slippage from Paragon: live order book, 59 min ago; Bitget: live order book, 29 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, 59 min ago | 28.74 bp | 34.0 bp −$34 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 29 min ago | 16.47 bp | 34.7 bp −$35 | 46.4 bp −$464 | 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 | −0.1970% | 1h | 352.42 | long leg | $176K | $40K | 10x | |
| edgeX NETUSDC | −0.0193% | 4h | 350.93 | −0.422% | $37K | $330K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 351.21 | −0.343% | $366K | $805K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 351.38 | −0.295% | $382K | $110K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.13 | −0.366% | $176K | $109K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.00 | −0.403% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDTshort | 0.0000% | 8h | 350.39 | −0.576% | $237K | $602K | 20x | |
| HTX NET-USDT | 0.0000% | 8h | 350.51 | −0.542% | $9K | $348K | 20x | as long as short |
| Phoenix NET | +0.0159% | 1h | 351.16 | −0.358% | $169 | $85K | 10x | as long as short |
| tradeXYZ xyz:NET | +0.0247% | 1h | 351.25 | −0.332% | $384K | $182K | 10x | as long as short |
edgeX NETUSDC
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
HTX NET-USDT
Phoenix NET
tradeXYZ xyz:NET