Funding you earn now, next payment 06:00 UTC−0.0733%/8h= −80.3% APRpaid last 24h +0.015%
Price spread now: OKX against Paragon−0.047%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.047%, 7d avg −0.119%
=The price spread pays, funding is against you. OKX is 0.072% dearer against Paragon than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.119%): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.081% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% 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 | 380.23 | 0.0733 | pay 0.0092% / 1h | 8m 37s | $121K | $57K | 10x |
| Short | OKX TER-USDT-SWAP | 380.05 | 0 | get 0.0000% / 8h | 2h 08m | $202K | $174K | 20x |
Paragon para:TER
OKX TER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$154.01
- Price spread: −0.047% → −0.119%
- $7.21
- Slippage, 4 orders
- −$110.6
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$277.39
- Costs to cover
- 1.306%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 67 min ago; OKX: live order book, 36 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, 67 min ago | 23.98 bp | 29.0 bp −$29 | 103.1 bp −$1,031 | doesn't fit | doesn't fit |
| Sell OKX live order book, 36 min ago | 15.56 bp | 34.1 bp −$34 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0237% | 8h | 379.48 | −0.197% | $250K | $151K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 379.20 | −0.271% | $560K | $979K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 379.04 | −0.313% | $250K | $181K | 25x | as long as short |
| OKX TER-USDT-SWAPshort | 0.0000% | 8h | 380.05 | −0.047% | $202K | $174K | 20x | |
| Gate TER_USDT | 0.0000% | 8h | 379.50 | −0.192% | $294K | $226K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 379.93 | −0.079% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 381.19 | +0.254% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 379.14 | −0.287% | $231K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 379.97 | −0.068% | $4K | $39K | 10x | as long as short |
| Paragon para:TERlong | +0.0733% | 1h | 380.23 | long leg | $121K | $57K | 10x |
Bitget TERUSDT
Binance TERUSDT
Bybit TERUSDT
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT