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

TER

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−1.1093%/8h= −1214.7% APRpaid last 24h +0.047%
Price spread now: Paragon against Variational Omni+0.221%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 pays, funding is against you. Paragon is 0.221% dearer against Variational Omni than usual: you sell high and buy low (spread +0.221% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$333 a day in funding at the current rate, which eats that in about 2 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TER376.260get 0.0000% / 8h7h 44m$48K$52K
ShortParagon para:TER377.09−1.1093pay 0.1387% / 1h44m 36s$118K$57K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Variational Omni. 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
−$2,329.53
Price spread: +0.221% → 0.000%
$22.11
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$2,317.41
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Paragon: live order book, 1 min ago. 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 Variational Omni no order-book sample
Sell Paragon live order book, 1 min ago57.16 bp550.9 bp −$551doesn't fitdoesn't fitdoesn't fit
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
Paragon para:TERshort−1.1093%1h377.09+0.221%$118K$57K10x
Bitget TERUSDT−0.0195%8h376.56+0.080%$239K$156K20xas long as short
Bybit TERUSDT−0.0102%8h376.29+0.009%$251K$129K25xas long as short
Binance TERUSDT0.0000%8h376.40+0.038%$519K$1.0M25xas long as short
OKX TER-USDT-SWAP0.0000%8h375.43−0.220%$203K$177K20xas long as short
Gate TER_USDT0.0000%8h376.50+0.064%$295K$195K20xas long as short
Variational Omni TERlong0.0000%8h376.26long leg$48K$52K
Extended TER_24_5-USD+0.0040%1h377.89+0.435%$35K$4K10xas long as short
KuCoin TERUSDTM+0.0100%8h376.37+0.030%$226K$127K20xas long as short
HTX TER-USDT+0.0100%8h376.77+0.136%$3K$39K10xas long as short