Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 532.91 | +0.0115 | pay 0.0115% / 8h | 1h 51m | $82K | $55K | 20x | Long BloFin | |
| SHORT | 531.21 | −0.0336 | pay 0.0042% / 1h | 51m 33s | $192K | $188K | 10x | Short Paragon |
Price gap−0.319%
Funding gap−0.0451% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.319% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$148−0.0451% /8h now · paid +1.483% over the last 7D
Price—spread −0.319% now · no price history on both exchanges yet
Costsno datano order book for BloFin
Result, before costs—no pointsneeds both price histories
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−0.319%
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
/8hSMH on 14 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for BloFin: its slippage is not counted.
- Note: Margin at max leverage$500 + $1,000BloFin 20x, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$13.52Long BloFin: 3 payments, −$3.45; short Paragon: 24 payments, −$10.07.
- Note: No 7-day spread history−0.319%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$82K vs $192K OIBloFin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · Paragon NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0706%/8h × 21 periods+$148.29
Price spread−0.319% → 0−$31.90
Slippage, 4 ordersno data for BloFin—
Fee BloFin bp × 2 orders−$12.00
Fee Paragon bp × 2 orders−$1.80
Net, fees only · 7 days · $10k+$102.59
Costs to cover0.138%Break-even2.2 days
Slippage: BloFin: no order-book sample; Paragon: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin—————
SELL · SHORTParagon4.326.7 bp−$775.4 bp−$754doesn’t fitdoesn’t fit
Closing costs about the same again.
BloFin: no data.
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| 10-14 09:00 | KuCoin | Listing | new market SMHUSDTM ($SMH) seen by our collector |
| 10-07 12:34 | Paragon | Product | MarketVector and Paragon have partnered to bring the MVIS US Listed Semiconductor 25 Index (#MVSMH) to Hyperliquid. para:SMH is now live 24/7. Semiconductors sit at the center of the AI buildout. More than $75 billion in assets track this benchmark through funds and ETFs globally. para:SMH references #MVSMH directly, bringing that exposure to a market that trades around the clock. Using @PythNetwork real-time pricing, the index extends through overnight, pre- and post-market sessions while maintaining the integrity of the benchmark's methodology. No ETF-level expenses or tracking differences. MarketVector indexes sit behind more than $180 billion in assets across 25+ issuers. Paragon is bringing the exposures investors already know on-chain through new markets built to trade continuously on Hyperliquid. @tradeparagon on X ↗ |
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