Funding you earn now, next payment 06:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.160%
Price spread now: Bybit against Paragon+0.118%7-day average +0.257% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days−0.816%−$82 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.118%, 7d avg +0.257%
=Funding pays, the price is against you. Bybit is 0.139% cheaper against Paragon than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.257%). If the spread goes back, that is −$14 on $10k: about 16 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.816%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:SOFI | 16.980 | 0.0061 | pay 0.0008% / 1h | 51m 28s | $100K | $44K | 10x |
| Short | Bybit SOFIUSDT | 17.000 | 0.0090 | get 0.0090% / 8h | 2h 51m | $541K | $841K | 25x |
Paragon para:SOFI
Bybit SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.91
- Price spread: +0.118% → +0.257%
- −$13.93
- Slippage, 4 orders
- −$74.87
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.89
- Costs to cover
- 0.959%
- Break-even
- 130.0 days
Slippage from Paragon: live order book, 24 min ago; Bybit: live order book, 59 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 | 29.15 bp | 34.1 bp −$34 | 152.4 bp −$1,524 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 2.94 bp | 13.9 bp −$14 | 107.6 bp −$1,076 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SOFI_USDT | 0.0000% | 8h | 16.997 | +0.100% | $159K | $13K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 16.993 | +0.077% | $539K | $150K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.589% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | +0.088% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFIlong | +0.0061% | 1h | 16.980 | long leg | $100K | $44K | 10x | |
| Bybit SOFIUSDTshort | +0.0090% | 8h | 17.000 | +0.118% | $541K | $841K | 25x | |
| Lighter RH SOFI | +0.0120% | 1h | 17.013 | +0.194% | $31K | $16K | 10x | as long as short |
| edgeX SOFIUSDC | +0.0334% | 4h | 17.007 | +0.158% | $12K | $244K | 10x | as long as short |
| Binance SOFIUSDT | +0.0680% | 8h | 17.009 | +0.169% | $1.6M | $716K | 25x | as long as short |
Gate SOFI_USDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Lighter RH SOFI
edgeX SOFIUSDC
Binance SOFIUSDT