Funding you earn now, next payment 08:00 UTC−0.1204%/8h= −131.8% APRnext payment −$1.50 per $10,000 · paid last 24h −0.172%
Price spread now: Paragon against Phoenix−0.264%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.570%−$57 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Paragon is 0.264% cheaper against Phoenix than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.570% in total (about -29.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.50 per $10,000. 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 | Phoenix NET | 352.03 | −0.0068 | get 0.0009% / 1h | 0m 46s | $168 | $80K | 10x |
| Short | Paragon para:NET | 351.10 | −0.1272 | pay 0.0159% / 1h | 0m 46s | $180K | $44K | 10x |
Phoenix NET
Paragon para:NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Phoenix. 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
- −$252.82
- Price spread: −0.264% → 0.000%
- −$26.42
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$296.23
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Paragon: live order book, 45 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Paragon live order book, 45 min ago | 62.50 bp | 200.9 bp −$201 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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:NETshort | −0.1272% | 1h | 351.10 | −0.264% | $180K | $44K | 10x | |
| edgeX NETUSDC | −0.0572% | 4h | 352.55 | +0.148% | $37K | $334K | 10x | as long as short |
| Phoenix NETlong | −0.0068% | 1h | 352.03 | long leg | $168 | $80K | 10x | |
| Binance NETUSDT | 0.0000% | 8h | 352.38 | +0.099% | $364K | $810K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 351.91 | −0.034% | $389K | $115K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 352.26 | +0.065% | $174K | $98K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.80 | −0.065% | $39K | $4K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 351.87 | −0.045% | $224K | $646K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 351.53 | −0.142% | $9K | $354K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 351.94 | −0.026% | $384K | $188K | 10x | as long as short |
edgeX NETUSDC
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET