Settings8H · net · $10k
Funding arb · Price arb /

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.1520%/8h= −166.5% APRpaid last 24h +0.021%
Price spread now: HTX against Paragon−0.179%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and HTX is 0.179% cheaper against Paragon than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParagon para:TER378.940.1620pay 0.0203% / 1h10m 22s$121K$52K10x
ShortHTX TER-USDT378.260.0100get 0.0100% / 8h10m 22s$3K$39K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Paragon. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$319.27
Price spread: −0.179% → 0.000%
−$17.94
Slippage, 4 orders
no order book: not counted
Fee Paragon: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$359.22
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Paragon: live order book, 45 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paragon live order book, 45 min ago85.16 bp96.4 bp −$96137.1 bp −$1,371doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TERUSDT−0.0245%8h377.70−0.327%$240K$156K20xas long as short
Binance TERUSDT0.0000%8h378.18−0.201%$521K$1.0M25xas long as short
Bybit TERUSDT0.0000%8h377.60−0.354%$251K$128K25xas long as short
OKX TER-USDT-SWAP0.0000%8h378.49−0.119%$205K$179K20xas long as short
Gate TER_USDT0.0000%8h377.60−0.354%$295K$213K20xas long as short
Variational Omni TER0.0000%8h378.08−0.226%$48K$52Kas long as short
Extended TER_24_5-USD+0.0040%1h380.04+0.290%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h378.15−0.208%$229K$99K20xas long as short
HTX TER-USDTshort+0.0100%8h378.26−0.179%$3K$39K10x
Paragon para:TERlong+0.1620%1h378.94long leg$121K$52K10x