Funding you earn now, next payment 10:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.007%
Price spread now: Paragon against Bybit−0.050%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3513.513% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.050%, 7d avg +0.105%
=Funding pays, the price is against you. Paragon is 0.155% cheaper against Bybit than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.105%). If the spread goes back, that is −$16 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.219% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TERUSDT | 377.15 | 0 | get 0.0000% / 8h | 6h 17m | $253K | $395K | 25x |
| Short | Paragon para:TER | 376.96 | 0.0041 | get 0.0005% / 1h | 17m 30s | $114K | $56K | 10x |
Bybit TERUSDT
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. 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
- $8.63
- Price spread: −0.050% → +0.105%
- −$15.52
- Slippage, 4 orders
- −$330.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$358.23
- Costs to cover
- 3.513%
- Break-even
- 297.5 days
Slippage from Bybit: live order book, 28 min ago; Paragon: live order book, 24 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 Bybit live order book, 28 min ago | 0.40 bp | 102.2 bp −$102 | 225.7 bp −$2,257 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 24 min ago | 70.50 bp | 75.5 bp −$76 | 102.1 bp −$1,021 | doesn't fit | doesn't fit |
TER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0024% | 8h | 377.60 | +0.119% | $240K | $155K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 377.48 | +0.088% | $517K | $983K | 25x | as long as short |
| Bybit TERUSDTlong | 0.0000% | 8h | 377.15 | long leg | $253K | $395K | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.28 | +0.034% | $205K | $179K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 377.60 | +0.119% | $296K | $208K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 377.46 | +0.082% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.90 | +0.200% | $36K | $4K | 10x | as long as short |
| Paragon para:TERshort | +0.0041% | 1h | 376.96 | −0.050% | $114K | $56K | 10x | |
| KuCoin TERUSDTM | +0.0100% | 8h | 377.79 | +0.170% | $227K | $220K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 377.35 | +0.053% | $3K | $40K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT