Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 526.77 | +0.1049 | pay 0.0131% / 1h | 30m 54s | $207K | $30K | 10x | Long Paragon | |
| SHORT | 529.05 | 0 | 0.0000% / 8h | 1h 30m | $530K | $24K | 20x | Short OKX |
Price gap+0.432%54s
Funding gap−0.1049% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $31 a day and eats that in about 16 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$193−0.1049% /8h now · paid −1.927% over the last 7D
Price—spread +0.432%54s now · prices read too far apart to compare
Costs−$1521.523% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.432%
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 · 5 to watch- Watch: Thin at this size34.9 / 16.7 bpAt $10k entering Paragon costs 34.9 bp, fee and slippage, 2.1× OKX’s.
- Note: Margin at max leverage$1,000 + $500Paragon 10x, OKX 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: −$31.46Long Paragon: 24 payments, −$31.46; short OKX: 3 payments, $0.00.
- Watch: Prices read 54 s apart+0.432% vs +0.229%Part of this gap may be the market moving.
- Watch: Long leg is thinner$207K vs $530K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0918%/8h × 21 periods−$192.69
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$140.50
Fee Paragon bp × 2 orders−$1.80
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$344.99
price spread not counted: prices read too far apartCosts to cover1.523%Break-evennever at this rate
Slippage: Paragon: live order book, 5 min ago; OKX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon5.2234.9 bp−$35117.1 bp−$1,171doesn’t fitdoesn’t fit
SELL · SHORTOKX7.5716.7 bp−$17doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-14 09:00 | KuCoin | Listing | new market SMHUSDTM ($SMH) seen by our collector |
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| 10-07 07:58 | Paragon | Listing | new market para:SMH ($SMH) seen by our collector |
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