Funding you earn now, next payment 12:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.019%
Price spread now: Bitget against Paragon−0.197%46s7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as 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−$2692.690% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.197%, 7d avg −0.118%
=Funding pays, the price is against you. Bitget is 0.079% cheaper against Paragon than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.118%). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day). The two prices were read 46 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 | Paragon para:TER | 380.81 | −0.0148 | get 0.0018% / 1h | 50m 55s | $115K | $56K | 10x |
| Short | Bitget TERUSDT | 380.06 | 0 | get 0.0000% / 8h | 4h 50m | $239K | $154K | 20x |
Paragon para:TER
Bitget TERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $31.06
- Price spread: −0.197% → −0.118%
- −$7.94
- Slippage, 4 orders
- −$247.03
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$245.91
- Costs to cover
- 2.690%
- Break-even
- 62.4 days
Slippage from Paragon: live order book, 47 min ago; Bitget: live order book, 47 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 | 63.67 bp | 70.6 bp −$71 | 96.2 bp −$962 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 47 min ago | 13.01 bp | 55.8 bp −$56 | 68.1 bp −$681 | 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 | −0.0224% | 8h | 379.86 | −0.249% | $250K | $713K | 25x | as long as short |
| Paragon para:TERlong | −0.0148% | 1h | 380.81 | long leg | $115K | $56K | 10x | |
| Binance TERUSDT | 0.0000% | 8h | 380.45 | −0.095% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 379.74 | −0.281% | $205K | $179K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 380.10 | −0.186% | $297K | $226K | 20x | as long as short |
| Bitget TERUSDTshort | 0.0000% | 8h | 380.06 | −0.197% | $239K | $154K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 379.56 | −0.327% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 380.01 | −0.210% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 380.01 | −0.210% | $227K | $316K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 379.88 | −0.244% | $3K | $41K | 10x | as long as short |
Bybit TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT