Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 525.79 | +0.0319 | pay 0.0040% / 1h | 14m 32s | $207K | $25K | 10x | Long Paragon | |
| SHORT | 528.25 | 0 | 0.0000% / 8h | 7h 14m | $407K | $88K | 25x | Short Bybit |
Price gap+0.467%
Funding gap−0.0319% /8h
The gap pays +$28 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 2.9 days. At the last 7 days' pace that is about 23 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$203−0.0319% /8h now · paid −2.030% over the last 7D
Price+$28spread +0.467% now, avg +0.189% → +0.278% if it goes back
Costs−$1651.648% of $10k · taker + slippage, in and out
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+0.467%
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
1 ok · 4 to watch- Watch: Thin at this size31.4 / 59.6 bpAt $10k entering Bybit costs 59.6 bp, fee and slippage, 1.9× Paragon’s.
- Note: Margin at max leverage$1,000 + $400Paragon 10x, Bybit 25x. 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: −$9.56Long Paragon: 24 payments, −$9.56; short Bybit: 3 payments, $0.00.
- OK: Entry gap works for you+0.467% vs +0.189%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$207K vs $407K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0967%/8h × 21 periods−$202.97
Price spread+0.467% → +0.189% (7d avg)+$27.81
Slippage, 4 orderslive order books−$152.05
Fee Paragon bp × 2 orders−$1.80
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$340.01
Costs to cover1.648%Break-evennever at this rate
Slippage: Paragon: live order book, 1 min ago; Bybit: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon1.9031.4 bp−$31127.1 bp−$1,271doesn’t fitdoesn’t fit
SELL · SHORTBybit5.4959.6 bp−$60215.0 bp−$2,150doesn’t fitdoesn’t fit
Closing costs about the same again.
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