Funding you earn now, next payment 09:00 UTC−1.1093%/8h= −1214.7% APRpaid last 24h +0.047%
Price spread now: Paragon against Binance+0.183%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$724as in the Funding arb table
Net, price: spread back to 7d avg − costs−$714as in the Price arb table
costs, in and out, $10k−$7337.331% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 2 days (all we have)+0.139%+$14 · spread now +0.183%, 7d avg −0.003%
=The price spread pays, funding is against you. Paragon is 0.186% dearer against Binance than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of −0.003%): +$19 on $10k if it goes back. Holding the pair costs −$333 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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 | Binance TERUSDT | 376.40 | 0 | get 0.0000% / 8h | 7h 44m | $519K | $1.0M | 25x |
| Short | Paragon para:TER | 377.09 | −1.1093 | pay 0.1387% / 1h | 44m 31s | $118K | $57K | 10x |
Binance TERUSDT
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Binance. 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
- −$2,329.53
- Price spread: +0.183% → −0.003%
- $18.6
- Slippage, 4 orders
- −$713.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$3,044.03
- Costs to cover
- 7.331%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Paragon: live order book, 1 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 Binance live order book, 3 min ago | 13.82 bp | 36.9 bp −$37 | 133.9 bp −$1,339 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 1 min ago | 57.16 bp | 550.9 bp −$551 | doesn't fit | doesn't fit | doesn't fit |
TER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TERshort | −1.1093% | 1h | 377.09 | +0.183% | $118K | $57K | 10x | |
| Bitget TERUSDT | −0.0195% | 8h | 376.56 | +0.043% | $239K | $156K | 20x | as long as short |
| Bybit TERUSDT | −0.0102% | 8h | 376.29 | −0.029% | $251K | $129K | 25x | as long as short |
| Binance TERUSDTlong | 0.0000% | 8h | 376.40 | long leg | $519K | $1.0M | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.258% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.50 | +0.027% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.038% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.397% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.37 | −0.008% | $226K | $127K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | +0.098% | $3K | $39K | 10x | as long as short |
Bitget TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT