Funding you earn now, next payment 03:00 UTC+0.1146%/8h= +125.5% APRpaid last 24h +0.059%
Price spread now: Paragon against Binance−0.032%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$960.955% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 4 days (all we have)−0.255%−$26 · spread now −0.032%, 7d avg +0.003%
=Funding pays, the price is against you. Paragon is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.223% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% 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 | Binance SMCIUSDT | 41.513 | 0.0181 | pay 0.0181% / 8h | 5h 25m | $3.4M | $5.2M | 20x |
| Short | Paragon para:SMCI | 41.500 | 0.1327 | get 0.0166% / 1h | 25m 42s | $159K | $265K | 10x |
Binance SMCIUSDT
Paragon para:SMCIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Binance. 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
- $240.73
- Price spread: −0.032% → +0.003%
- −$3.46
- Slippage, 4 orders
- −$75.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $141.77
- Costs to cover
- 0.955%
- Break-even
- 2.9 days
Slippage from Binance: live order book, 12 min ago; Paragon: live order book, 10 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 Binance live order book, 12 min ago | 1.20 bp | 12.4 bp −$12 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 10 min ago | 28.97 bp | 34.0 bp −$34 | 126.9 bp −$1,269 | doesn't fit | doesn't fit |
SMCI on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SMCI/USDC PERP | −0.0220% | 1h | 41.130 | −0.922% | $4K | $94 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.500 | −0.031% | $1.0M | $648K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.520 | +0.017% | $689K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.500 | −0.031% | $1.6M | $1.6M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.501 | −0.029% | $1.3M | $505K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.520 | +0.017% | $1.6M | $248K | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.499 | −0.033% | $32K | $5K | 10x | as long as short |
| QFEX SMCI-USD | +0.0048% | 1h | 41.490 | −0.055% | $1.1M | $2.1M | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.500 | −0.031% | $142 | $3K | 10x | as long as short |
| Variational Omni SMCI | +0.0051% | 8h | 41.506 | −0.015% | $98K | $110K | — | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
Lighter RH SMCI
QFEX SMCI-USD
SoDEX SMCI-USD
Variational Omni SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.490 | −0.055% | $462K | $486K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.520 | +0.017% | $8K | $285K | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0132% | 8h | 41.532 | +0.045% | $152 | $155K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0179% | 8h | 41.490 | −0.055% | $80K | $9K | 20x | as long as short |
| Binance SMCIUSDTlong | +0.0181% | 8h | 41.513 | long leg | $3.4M | $5.2M | 20x | |
| Extended SMCI-USD | +0.0184% | 1h | 41.502 | −0.026% | $580 | $10K | 10x | as long as short |
| Paragon para:SMCIshort | +0.1327% | 1h | 41.500 | −0.032% | $159K | $265K | 10x |
KuCoin SMCIUSDTM
HTX SMCI-USDT
GRVT SMCI_USDT_Perp
BloFin SMCI-USDT
Extended SMCI-USD