Funding you earn now, next payment 09:00 UTC−1.1133%/8h= −1219.1% APRnext payment −$13.92 per $10,000 · paid last 24h +0.035%
Price spread now: Paragon against Extended−0.213%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$334 a day on $10k at the current rate, and Paragon is 0.213% cheaper against Extended than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TER_24_5-USD | 377.89 | 0.0040 | pay 0.0005% / 1h | 43m 57s | $35K | $4K | 10x |
| Short | Paragon para:TER | 377.09 | −1.1093 | pay 0.1387% / 1h | 43m 57s | $118K | $57K | 10x |
Extended TER_24_5-USD
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Extended. 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
- −$2,337.93
- Price spread: −0.213% → 0.000%
- −$21.28
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$2,374.2
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Paragon: live order book, 1 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Paragon live order book, 1 min ago | 57.16 bp | 550.9 bp −$551 | doesn't fit | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.213% | $118K | $57K | 10x | |
| Bitget TERUSDT | −0.0195% | 8h | 376.56 | −0.353% | $239K | $156K | 20x | as long as short |
| Bybit TERUSDT | −0.0102% | 8h | 376.17 | −0.456% | $250K | $129K | 25x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 376.40 | −0.395% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.652% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.50 | −0.369% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.433% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USDlong | +0.0040% | 1h | 377.89 | long leg | $35K | $4K | 10x | |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.37 | −0.403% | $226K | $127K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | −0.297% | $3K | $39K | 10x | as long as short |
Bitget TERUSDT
Bybit TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
KuCoin TERUSDTM
HTX TER-USDT