Funding you earn now, next payment 06:00 UTC+0.1012%/8h= +110.8% APRpaid last 24h −0.015%
Price spread now: Paragon against Bitget+0.018%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$2862.864% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.018%, 7d avg +0.115%
=Funding pays, the price is against you. Paragon is 0.096% cheaper against Bitget than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.115%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.036% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% 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 | Bitget TERUSDT | 380.06 | −0.0228 | get 0.0228% / 8h | 2h 02m | $250K | $151K | 20x |
| Short | Paragon para:TER | 380.13 | 0.0784 | get 0.0098% / 1h | 2m 32s | $121K | $57K | 10x |
Bitget TERUSDT
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bitget. 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
- $212.47
- Price spread: +0.018% → +0.115%
- −$9.65
- Slippage, 4 orders
- −$264.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$83.56
- Costs to cover
- 2.864%
- Break-even
- 9.8 days
Slippage from Bitget: live order book, 42 min ago; Paragon: live order book, 3 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 Bitget live order book, 42 min ago | 11.48 bp | 60.2 bp −$60 | 79.9 bp −$799 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 3 min ago | 79.01 bp | 84.0 bp −$84 | 126.7 bp −$1,267 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDTlong | −0.0228% | 8h | 380.06 | long leg | $250K | $151K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 379.44 | −0.163% | $531K | $977K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 379.44 | −0.163% | $250K | $181K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 380.05 | −0.003% | $202K | $174K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 379.50 | −0.147% | $294K | $228K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.54 | −0.136% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 381.25 | +0.314% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 379.07 | −0.260% | $231K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 379.62 | −0.116% | $3K | $39K | 10x | as long as short |
| Paragon para:TERshort | +0.0784% | 1h | 380.13 | +0.018% | $121K | $57K | 10x |
Binance TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT