Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.087%
Price spread now: Bybit against Paragon+0.125%7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$321as in the Funding arb table
Net, price: spread back to 7d avg − costs−$333as in the Price arb table
costs, in and out, $10k−$3263.257% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.125%, 7d avg +0.193%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.068% cheaper against Paragon than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.193%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:NET | 352.23 | 0.0060 | pay 0.0008% / 1h | 44m 26s | $175K | $37K | 10x |
| Short | Bybit NETUSDT | 352.67 | 0 | get 0.0000% / 8h | 4h 44m | $383K | $108K | 25x |
Paragon para:NET
Bybit NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$12.6
- Price spread: +0.125% → +0.193%
- −$6.79
- Slippage, 4 orders
- −$304.74
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$345.13
- Costs to cover
- 3.257%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 51 min ago; Bybit: live order book, 5 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, 51 min ago | 70.12 bp | 89.7 bp −$90 | 188.4 bp −$1,884 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 10.47 bp | 111.3 bp −$111 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX NETUSDC | −0.0020% | 4h | 353.15 | +0.262% | $37K | $328K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.12 | +0.254% | $362K | $766K | 20x | as long as short |
| Bybit NETUSDTshort | 0.0000% | 8h | 352.67 | +0.125% | $383K | $108K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.62 | +0.395% | $177K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.60 | +0.105% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.31 | +0.307% | $183K | $557K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.16 | +0.264% | $9K | $343K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.06 | +0.236% | $385K | $193K | 10x | as long as short |
| Paragon para:NETlong | +0.0060% | 1h | 352.23 | long leg | $175K | $37K | 10x | |
| Phoenix NET | +0.0226% | 1h | 353.49 | +0.358% | $167 | $85K | 10x | as long as short |
edgeX NETUSDC
Binance NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
Phoenix NET