NET

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:NET	281.68	+0.0844	pay 0.0106% / 1h	55m 41s	$112K	$12K	10x	Long Paragon
SHORT	KuCoinNETUSDTM	282.24	0	0.0000% / 8h	3h 55m	$14K	$1.0M	20x	Short KuCoin

Price gap+0.199%

Funding gap−0.0844% /8h

Funding costs $25 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$9−0.0844% /8h now · paid −0.086% over the last 4 days (all we have)

Price+$2spread +0.199% now, avg +0.181% → +0.018% if it goes back

Costs−$6386.382% of $10k · taker + slippage, in and out

Result−$645−6.45%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 4 days it paid −0.086% in total, about −0.0069%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.199%

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 14 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Watch: Thin at this size34.6 / 291.8 bp
At $10k entering KuCoin costs 291.8 bp, fee and slippage, 8.4× Paragon’s.
Note: Margin at max leverage$1,000 + $500
Paragon 10x, KuCoin 20x. 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: −$25.33Long Paragon: 24 payments, −$25.33; short KuCoin: 3 payments, $0.00.
Note: Gap at its usual level+0.199% vs +0.181%
The price leg adds little either way.
Watch: Short leg is thinner$14K vs $112K OI
KuCoin sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon No · KuCoin Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0069%/8h × 21 periods−$14.43

Price spread+0.199% → +0.181% (7d avg)+$1.82

Slippage, 4 orderslive order books−$624.45

Fee Paragon bp × 2 orders−$1.80

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$650.86

Costs to cover6.382%Break-evennever at this rate

Slippage: Paragon: live order book, 39 min ago; KuCoin: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon33.3834.6 bp−$35194.5 bp−$1,945doesn’t fitdoesn’t fit

SELL · SHORTKuCoin12.40291.8 bp−$292doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

NET news

posts that mention NET or Cloudflare, from every exchangeSearch all news →

10-27 09:00	KuCoin	Listing	new market NETUSDTM ($NET) seen by our collector
10-23 15:37	QFEX	Listing	new market NET-USD ($NET) seen by our collector
10-22 17:59	Paragon	Other	The 10-year Treasury yield traded below 5% today for the first time since Sept 23, as investors sought safety during the AI selloff. Security concerns lifted cyber names too. PHP2Shell, two critical PHP flaws that could let attackers run code on servers, drew urgent warnings from the NSA, FBI and cyber agencies worldwide. $NET and $CRWD are up 5.2% and 4.7% since Tuesday's close. @tradeparagon on X ↗
10-21 17:04	Paragon	Other	Node.js joins PHP in this week’s security headlines, with high-severity vulnerabilities across its 22.x, 24.x and 26.x releases. The bull case for cybersecurity is pressure on businesses to spend more on protection. CrowdStrike ($CRWD) and Cloudflare ($NET) sell that protection. Trade both 24/7 on Hyperliquid, with up to 10x leverage each. @tradeparagon on X ↗

NET