Funding you earn now, next payment 09:00 UTC−1.1177%/8h= −1223.9% APRpaid last 24h +0.047%
Price spread now: Paragon against OKX+0.442%54s7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$721as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$7307.301% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.547%−$55 · spread now +0.442%, 7d avg +0.124%
=The price spread pays, funding is against you. Paragon is 0.318% dearer against OKX than usual: you sell high and buy low (spread +0.442% now, against its 7-day average of +0.124%): +$32 on $10k if it goes back. Holding the pair costs −$335 a day in funding at the current rate, which eats that in about 2 hours. 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 two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
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 | OKX TER-USDT-SWAP | 375.43 | 0 | get 0.0000% / 8h | 7h 42m | $203K | $177K | 20x |
| Short | Paragon para:TER | 377.09 | −1.1177 | pay 0.1397% / 1h | 42m 51s | $118K | $57K | 10x |
OKX TER-USDT-SWAP
Paragon para:TERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against OKX. 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
- −$2,347.22
- Price spread: +0.442% → +0.124%
- $31.84
- Slippage, 4 orders
- −$710.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$3,045.51
- Costs to cover
- 7.301%
- Break-even
- never at this rate
Slippage from OKX: live order book, 52 min ago; Paragon: live order book, 2 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 OKX live order book, 52 min ago | 14.16 bp | 34.9 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 2 min ago | 57.16 bp | 550.9 bp −$551 | doesn't fit | 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 | −1.1177% | 1h | 377.09 | +0.442% | $118K | $57K | 10x | |
| Bybit TERUSDT | −0.0211% | 8h | 376.04 | +0.162% | $250K | $125K | 25x | as long as short |
| Bitget TERUSDT | −0.0193% | 8h | 376.56 | +0.301% | $239K | $156K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 376.40 | +0.258% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAPlong | 0.0000% | 8h | 375.43 | long leg | $203K | $177K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 376.70 | +0.338% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | +0.221% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.656% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.37 | +0.250% | $227K | $128K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.44 | +0.269% | $3K | $39K | 10x | as long as short |
Bybit TERUSDT
Bitget TERUSDT
Binance TERUSDT
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT