Funding you earn now, next payment 10:00 UTC+0.0108%/8h= +11.9% APRpaid last 24h −0.047%
Price spread now: Binance against Paragon+0.097%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$737as in the Funding arb table
Net, price: spread back to 7d avg − costs−$718as in the Price arb table
costs, in and out, $10k−$7277.273% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 2 days (all we have)−0.419%−$42 · spread now +0.097%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.095% dearer against Paragon than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:TER | 378.03 | −0.0108 | get 0.0014% / 1h | 58m 02s | $115K | $56K | 10x |
| Short | Binance TERUSDT | 378.40 | 0 | get 0.0000% / 8h | 6h 58m | $520K | $985K | 25x |
Paragon para:TER
Binance TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paragon. 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
- $22.74
- Price spread: +0.097% → +0.003%
- $9.46
- Slippage, 4 orders
- −$707.29
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$695.09
- Costs to cover
- 7.273%
- Break-even
- 221.0 days
Slippage from Paragon: live order book, 47 min ago; Binance: live order book, 19 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 Paragon live order book, 47 min ago | 57.16 bp | 113.0 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 19 min ago | 7.44 bp | 32.7 bp −$33 | 114.6 bp −$1,146 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0116% | 8h | 377.69 | −0.090% | $240K | $155K | 20x | as long as short |
| Paragon para:TERlong | −0.0108% | 1h | 378.03 | long leg | $115K | $56K | 10x | |
| Binance TERUSDTshort | 0.0000% | 8h | 378.40 | +0.097% | $520K | $985K | 25x | |
| Bybit TERUSDT | 0.0000% | 8h | 377.28 | −0.198% | $253K | $92K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.91 | −0.032% | $205K | $180K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 377.60 | −0.114% | $296K | $190K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.09 | +0.016% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | −0.038% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 377.94 | −0.024% | $227K | $179K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 378.71 | +0.180% | $3K | $40K | 10x | as long as short |
Bitget TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT