Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 527.05 | +0.1641 | pay 0.0205% / 1h | 54m 41s | $207K | $31K | 10x | Long Paragon | |
| SHORT | 528.10 | +0.0296 | get 0.0037% / 1h | 54m 41s | $2.9M | $187K | 20x | Short tradeXYZ |
Price gap+0.199%
Funding gap−0.1345% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $40 a day and eats that in about 10 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$166−0.1345% /8h now · paid −1.660% over the last 7D
Price+$17spread +0.199% now, avg +0.032% → +0.167% if it goes back
Costs−$950.953% of $10k · taker + slippage, in and out
Result−$245−2.45%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.199%
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
4 ok · 2 to watch- Watch: Thin at this size29.2 / 13.5 bpAt $10k entering Paragon costs 29.2 bp, fee and slippage, 2.2× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500Paragon 10x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$40.34Long Paragon: 24 payments, −$49.22; short tradeXYZ: 24 payments, +$8.89.
- OK: Entry gap works for you+0.199% vs +0.032%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$207K vs $2.9M OIParagon sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legParagon No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0791%/8h × 21 periods−$166.02
Price spread+0.199% → +0.032% (7d avg)+$16.67
Slippage, 4 orderslive order books−$91.67
Fee Paragon bp × 2 orders−$1.80
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$244.62
Costs to cover0.953%Break-evennever at this rate
Slippage: Paragon: live order book, 66 min ago; tradeXYZ: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon0.2829.2 bp−$29120.3 bp−$1,203doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ2.9313.5 bp−$1475.6 bp−$756doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-14 09:00 | KuCoin | Listing | new market SMHUSDTM ($SMH) seen by our collector |
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