Funding you earn now, next payment 06:00 UTC+0.2040%/8h= +223.4% APRpaid last 24h −0.035%
Price spread now: HTX against Paragon−0.718%7-day average +0.234% · you buy dearer than you sell
Net, funding: paid 7d − costs−$683as in the Funding arb table
Net, price: spread back to 7d avg − costs−$783as in the Price arb table
costs, in and out, $10k−$6886.882% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+1.000%+$100 · spread now −0.718%, 7d avg +0.234%
=Funding pays, the price is against you. HTX is 0.952% cheaper against Paragon than usual: you would sell low and buy high (spread −0.718% now, against its 7-day average of +0.234%). If the spread goes back, that is −$95 on $10k: about 37 hours of funding at the current rate (+$61 a day). At the pace of the last 7 days (+0.055% in total) that is about 4 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 | 352.41 | −0.2040 | get 0.0255% / 1h | 6m 47s | $176K | $40K | 10x |
| Short | HTX NET-USDT | 349.88 | 0 | get 0.0000% / 8h | 2h 06m | $9K | $348K | 20x |
Paragon para:NET
HTX NET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $428.41
- Price spread: −0.718% → +0.234%
- −$95.22
- Slippage, 4 orders
- −$666.16
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$354.97
- Costs to cover
- 6.882%
- Break-even
- 12.8 days
Slippage from Paragon: live order book, 69 min ago; HTX: live order book, 41 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 | 28.74 bp | 34.0 bp −$34 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
| Sell HTX live order book, 41 min ago | 40.82 bp | 311.4 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NETlong | −0.2040% | 1h | 352.41 | long leg | $176K | $40K | 10x | |
| Binance NETUSDT | 0.0000% | 8h | 350.99 | −0.403% | $366K | $804K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 350.84 | −0.446% | $381K | $110K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.13 | −0.363% | $176K | $109K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 350.70 | −0.485% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 350.25 | −0.613% | $237K | $602K | 20x | as long as short |
| HTX NET-USDTshort | 0.0000% | 8h | 349.88 | −0.718% | $9K | $348K | 20x | |
| Phoenix NET | +0.0159% | 1h | 351.01 | −0.397% | $166 | $85K | 10x | as long as short |
| tradeXYZ xyz:NET | +0.0300% | 1h | 351.01 | −0.397% | $383K | $180K | 10x | as long as short |
| edgeX NETUSDC | +0.0356% | 4h | 350.93 | −0.419% | $37K | $329K | 10x | as long as short |
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
Phoenix NET
tradeXYZ xyz:NET
edgeX NETUSDC