Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 326.36 | +0.2572 | pay 0.0321% / 1h | 5m 10s | $295K | $56K | 10x | Long Paragon | |
| SHORT | 328.33 | 0 | 0.0000% / 8h | 4h 05m | $572K | $103K | 20x | Short MEXC |
Price gap+0.604%
Funding gap−0.2572% /8h
The gap pays +$42 on $10k if it goes back to its 7d average, but funding costs $77 a day and eats that in about 13 hours. At the last 7 days' pace that is about 4.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$59−0.2572% /8h now · paid −0.590% over the last 7D
Price+$42spread +0.604% now, avg +0.188% → +0.416% if it goes back
Costs−$1461.456% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.590% in total, about −0.0281%/8h on average.
Price and funding
1h · historyEntry / 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+0.604%
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
/8hNET on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size28.9 / 42.9 bpAt $10k entering MEXC costs 42.9 bp, fee and slippage, 1.5× Paragon’s.
- Note: Margin at max leverage$1,000 + $500Paragon 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$77.15Long Paragon: 24 payments, −$77.15; short MEXC: 3 payments, $0.00.
- OK: Entry gap works for you+0.604% vs +0.188%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$295K vs $572K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0281%/8h × 21 periods−$59.03
Price spread+0.604% → +0.188% (7d avg)+$41.58
Slippage, 4 orderslive order books−$139.80
Fee Paragon bp × 2 orders−$1.80
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$163.05
Costs to cover1.456%Break-evennever at this rate
Slippage: Paragon: live order book, 5 min ago; MEXC: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon27.8828.9 bp−$29162.9 bp−$1,629doesn’t fitdoesn’t fit
SELL · SHORTMEXC8.9842.9 bp−$43186.0 bp−$1,860218.5 bp−$21.9Kdoesn’t fit
Closing costs about the same again.
| 10-23 15:37 | QFEX | Listing | new market NET-USD ($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 ↗ |
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