Funding you earn now, next payment 09:00 UTC−1.1034%/8h= −1208.3% APRpaid last 24h +0.047%
Price spread now: Paragon against Gate+0.058%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$505as in the Price arb table
costs, in and out, $10k−$4994.995% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.058%, 7d avg +0.115%
=Both sides work against this trade now: funding costs −$331 a day on $10k at the current rate, and Paragon is 0.057% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.115%). Swap the legs. 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 | Gate TER_USDT | 376.90 | 0 | get 0.0000% / 8h | 7h 45m | $295K | $195K | 20x |
| Short | Paragon para:TER | 377.12 | −1.1034 | pay 0.1379% / 1h | 45m 13s | $118K | $57K | 10x |
Gate TER_USDT
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Gate. 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
- −$2,317.22
- Price spread: +0.058% → +0.115%
- −$5.67
- Slippage, 4 orders
- −$474.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$2,822.35
- Costs to cover
- 4.995%
- Break-even
- never at this rate
Slippage from Gate: live order book, 50 min ago; Paragon: live order book, 70 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 Gate live order book, 50 min ago | 10.59 bp | 146.0 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 70 min ago | 85.16 bp | 101.5 bp −$102 | 142.5 bp −$1,425 | 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 | −1.1034% | 1h | 377.12 | +0.058% | $118K | $57K | 10x | |
| Bitget TERUSDT | −0.0197% | 8h | 376.59 | −0.082% | $239K | $156K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 376.53 | −0.099% | $518K | $1.0M | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 376.36 | −0.143% | $251K | $129K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.390% | $203K | $177K | 20x | as long as short |
| Gate TER_USDTlong | 0.0000% | 8h | 376.90 | long leg | $295K | $195K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.170% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.264% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.49 | −0.109% | $227K | $125K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | −0.034% | $3K | $39K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT