Funding you earn now, next payment 10:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h −0.034%
Price spread now: Binance against Paragon+0.200%52s7-day average +0.327% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as 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−$1121.121% of the position
Funding, last 7 days−0.481%−$48 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.200%, 7d avg +0.327%
=Funding pays, the price is against you. Binance is 0.127% cheaper against Paragon than usual: you would sell low and buy high (spread +0.200% now, against its 7-day average of +0.327%). If the spread goes back, that is −$13 on $10k: about 11 hours of funding at the current rate (+$27 a day). Mind the row above: over the last 7 days funding on this pair cost −0.481%, so the current rate has only just turned in your favour. The two prices were read 52 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 -0.481% in total (about -25.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:SOFI | 16.995 | 0.0060 | pay 0.0008% / 1h | 17m 50s | $100K | $44K | 10x |
| Short | Binance SOFIUSDT | 17.029 | 0.0956 | get 0.0956% / 8h | 6h 17m | $1.7M | $769K | 25x |
Paragon para:SOFI
Binance SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paragon. 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
- $188.13
- Price spread: +0.200% → +0.327%
- −$12.72
- Slippage, 4 orders
- −$92.06
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $63.35
- Costs to cover
- 1.121%
- Break-even
- 4.6 days
Slippage from Paragon: live order book, 24 min ago; Binance: live order book, 9 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 Paragon live order book, 24 min ago | 29.16 bp | 34.2 bp −$34 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 5.87 bp | 21.5 bp −$22 | 74.2 bp −$742 | doesn't fit | doesn't fit |
SOFI on 9 exchanges
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 | 17.030 | +0.206% | $568K | $686K | 25x | as long as short |
| Gate SOFI_USDT | 0.0000% | 8h | 17.036 | +0.241% | $168K | $15K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 17.009 | +0.082% | $625K | $190K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.500% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.992 | −0.018% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFIlong | +0.0060% | 1h | 16.995 | long leg | $100K | $44K | 10x | |
| Lighter RH SOFI | +0.0240% | 1h | 17.023 | +0.165% | $39K | $25K | 10x | as long as short |
| edgeX SOFIUSDC | +0.0841% | 4h | 17.026 | +0.183% | $12K | $245K | 10x | as long as short |
| Binance SOFIUSDTshort | +0.0956% | 8h | 17.029 | +0.200% | $1.7M | $769K | 25x |
Bybit SOFIUSDT
Gate SOFI_USDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Lighter RH SOFI
edgeX SOFIUSDC