Funding you earn now, next payment 09:00 UTC+1.1234%/8h= +1230.1% APRpaid last 24h +0.153%
Price spread now: Paragon against Gate−0.282%49s7-day average −0.203% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1871.868% of the position
Funding, last 7 days+0.816%+$82 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.282%, 7d avg −0.203%
=Funding pays, the price is against you. Paragon is 0.079% cheaper against Gate than usual: you would sell low and buy high (spread −0.282% now, against its 7-day average of −0.203%). If the spread goes back, that is −$8 on $10k: about under an hour of funding at the current rate (+$337 a day). At the pace of the last 7 days (+0.816% in total) that is about 16 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.816% in total (about 42.6% a year). A funding rate is set anew for every payment. 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 | Gate SOFI_USDT | 17.033 | 0 | get 0.0000% / 8h | 7h 01m | $168K | $15K | 20x |
| Short | Paragon para:SOFI | 16.985 | 1.1234 | get 0.1404% / 1h | 1m 52s | $100K | $44K | 10x |
Gate SOFI_USDT
Paragon para:SOFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Gate. 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
- $2,359.05
- Price spread: −0.282% → −0.203%
- −$7.9
- Slippage, 4 orders
- −$161.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $2,164.35
- Costs to cover
- 1.868%
- Break-even
- 0.6 days
Slippage from Gate: live order book, 24 min ago; Paragon: live order book, 15 min ago.
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 Gate live order book, 24 min ago | 26.61 bp | 64.4 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 15 min ago | 28.89 bp | 33.9 bp −$34 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
SOFI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOFIUSDT | 0.0000% | 8h | 17.010 | −0.135% | $569K | $724K | 25x | as long as short |
| Gate SOFI_USDTlong | 0.0000% | 8h | 17.033 | long leg | $168K | $15K | 20x | |
| Bitget SOFIUSDT | 0.0000% | 8h | 17.000 | −0.194% | $623K | $192K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.276% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.992 | −0.242% | $2K | $363 | 5x | as long as short |
| Lighter RH SOFI | +0.0192% | 1h | 17.028 | −0.029% | $39K | $25K | 10x | as long as short |
| edgeX SOFIUSDC | +0.0712% | 4h | 17.026 | −0.042% | $12K | $245K | 10x | as long as short |
| Binance SOFIUSDT | +0.0850% | 8h | 17.020 | −0.076% | $1.7M | $783K | 25x | as long as short |
| Paragon para:SOFIshort | +1.1234% | 1h | 16.985 | −0.282% | $100K | $44K | 10x |
Bybit SOFIUSDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Lighter RH SOFI
edgeX SOFIUSDC
Binance SOFIUSDT