Funding you earn now, next payment 12:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.033%
Price spread now: Paragon against KuCoin+0.266%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$880as in the Funding arb table
Net, price: spread back to 7d avg − costs−$850as in the Price arb table
costs, in and out, $10k−$8638.629% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)−0.295%−$30 · spread now +0.266%, 7d avg +0.140%
=The price spread pays, funding is against you. Paragon is 0.126% dearer against KuCoin than usual: you sell high and buy low (spread +0.266% now, against its 7-day average of +0.140%): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.173% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TERUSDTM | 379.58 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $227K | $322K | 20x |
| Short | Paragon para:TER | 380.59 | −0.0245 | pay 0.0031% / 1h | 44m 43s | $115K | $56K | 10x |
KuCoin TERUSDTM
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against KuCoin. 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
- −$72.46
- Price spread: +0.266% → +0.140%
- $12.58
- Slippage, 4 orders
- −$840.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$922.83
- Costs to cover
- 8.629%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 min ago; Paragon: live order book, 54 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 KuCoin live order book, 49 min ago | 14.22 bp | 353.7 bp −$354 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 54 min ago | 63.67 bp | 70.9 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TERUSDT | −0.0267% | 8h | 379.23 | −0.092% | $251K | $729K | 25x | as long as short |
| Paragon para:TERshort | −0.0245% | 1h | 380.59 | +0.266% | $115K | $56K | 10x | |
| Binance TERUSDT | 0.0000% | 8h | 379.59 | +0.003% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 379.04 | −0.142% | $205K | $178K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 378.90 | −0.179% | $295K | $228K | 20x | as long as short |
| Bitget TERUSDT | 0.0000% | 8h | 379.50 | −0.021% | $239K | $155K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.26 | −0.085% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 380.01 | +0.113% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 379.58 | long leg | $227K | $322K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 379.56 | −0.005% | $3K | $41K | 10x | as long as short |
Bybit TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Bitget TERUSDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT