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

TER

RWAall TER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0592%/8h= −64.9% APRpaid last 24h +0.015%
Price spread now: Variational Omni against Paragon+0.005%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParagon para:TER379.060.0592pay 0.0074% / 1h11m 38s$121K$57K10x
ShortVariational Omni TER379.080get 0.0000% / 8h2h 11m$48K$52K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$124.4
Price spread: +0.005% → 0.000%
$0.46
Slippage, 4 orders
no order book: not counted
Fee Paragon: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$133.94
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Paragon: live order book, 64 min ago; Variational Omni: 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, 64 min ago23.98 bp29.0 bp −$29103.1 bp −$1,031doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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−0.0242%8h380.06+0.264%$250K$151K20xas long as short
Binance TERUSDT0.0000%8h379.92+0.227%$562K$978K25xas long as short
Bybit TERUSDT0.0000%8h379.04−0.005%$250K$181K25xas long as short
OKX TER-USDT-SWAP0.0000%8h379.43+0.098%$202K$173K20xas long as short
Gate TER_USDT0.0000%8h379.60+0.142%$294K$223K20xas long as short
Variational Omni TERshort0.0000%8h379.08+0.005%$48K$52K
Extended TER_24_5-USD+0.0040%1h381.83+0.732%$36K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h379.52+0.121%$233K$89K20xas long as short
HTX TER-USDT+0.0100%8h380.59+0.404%$3K$39K10xas long as short
Paragon para:TERlong+0.0592%1h379.06long leg$121K$57K10x