Funding you earn now, next payment 09:00 UTC+1.1282%/8h= +1235.4% APRpaid last 24h −0.047%
Price spread now: Gate against Paragon−0.368%49s7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$509as 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−$4994.995% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.508%+$51 · spread now −0.368%, 7d avg −0.115%
=Funding pays, the price is against you. Gate is 0.253% cheaper against Paragon than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of −0.115%). If the spread goes back, that is −$25 on $10k: about 2 hours of funding at the current rate (+$338 a day). 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. The two prices were read 49 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 | Paragon para:TER | 377.99 | −1.1282 | get 0.1410% / 1h | 45m 53s | $118K | $57K | 10x |
| Short | Gate TER_USDT | 376.60 | 0 | get 0.0000% / 8h | 7h 45m | $295K | $195K | 20x |
Paragon para:TER
Gate TER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $2,369.27
- Price spread: −0.368% → −0.115%
- −$25.26
- Slippage, 4 orders
- −$474.45
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $1,844.55
- Costs to cover
- 4.995%
- Break-even
- 1.6 days
Slippage from Paragon: live order book, 70 min ago; Gate: live order book, 49 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, 70 min ago | 85.16 bp | 96.4 bp −$96 | 137.1 bp −$1,371 | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 10.59 bp | 155.6 bp −$156 | 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:TERlong | −1.1282% | 1h | 377.99 | long leg | $118K | $57K | 10x | |
| Bitget TERUSDT | −0.0199% | 8h | 376.56 | −0.378% | $239K | $156K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 376.68 | −0.347% | $518K | $1.0M | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 376.53 | −0.386% | $251K | $129K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.677% | $203K | $177K | 20x | as long as short |
| Gate TER_USDTshort | 0.0000% | 8h | 376.60 | −0.368% | $295K | $195K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.458% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | −0.027% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 376.54 | −0.384% | $227K | $126K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | −0.323% | $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