Funding you earn now, next payment 05:00 UTC−0.1350%/8h= −147.8% APRpaid last 24h −0.032%
Price spread now: OKX against Paragon+0.190%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.190%, 7d avg +0.149%
=The price spread pays, funding is against you. OKX is 0.041% dearer against Paragon than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.149%): +$4 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% 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 | 352.57 | 0.1350 | pay 0.0169% / 1h | 47m 34s | $175K | $38K | 10x |
| Short | OKX NET-USDT-SWAP | 353.24 | 0 | get 0.0000% / 8h | 3h 47m | $177K | $108K | 20x |
Paragon para:NET
OKX NET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$283.55
- Price spread: +0.190% → +0.149%
- $4.13
- Slippage, 4 orders
- −$183.86
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$483.27
- Costs to cover
- 2.039%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 38 min ago; OKX: live order book, 2 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, 38 min ago | 70.12 bp | 89.7 bp −$90 | 180.9 bp −$1,809 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 9.35 bp | 15.3 bp −$15 | 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 | −0.0042% | 4h | 353.07 | +0.142% | $37K | $328K | 10x | as long as short |
| tradeXYZ xyz:NET | −0.0020% | 1h | 353.26 | +0.196% | $385K | $180K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.02 | +0.127% | $366K | $773K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.67 | +0.028% | $383K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAPshort | 0.0000% | 8h | 353.24 | +0.190% | $177K | $108K | 20x | |
| Gate NET_USDT | 0.0000% | 8h | 352.50 | −0.020% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.24 | +0.190% | $181K | $553K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 352.96 | +0.111% | $9K | $343K | 20x | as long as short |
| Phoenix NET | +0.0158% | 1h | 353.08 | +0.145% | $169 | $85K | 10x | as long as short |
| Paragon para:NETlong | +0.1350% | 1h | 352.57 | long leg | $175K | $38K | 10x |
edgeX NETUSDC
tradeXYZ xyz:NET
Binance NETUSDT
Bybit NETUSDT
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET