Funding you earn now, next payment 00:00 UTC+0.0378%/8h= +41.4% APRnext payment +$1.89 per $10,000 · paid last 24h +0.069%
Price spread now: HTX against Bybit−0.126%7-day average +0.320% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$1661.662% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 3 days (all we have)+0.606%+$61 · spread now −0.126%, 7d avg +0.320%
=Funding pays, the price is against you. HTX is 0.447% cheaper against Bybit than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.320%). If the spread goes back, that is −$45 on $10k: about 3.9 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.073% in total) that is about 43 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.89 per $10,000. 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 | Bybit EULUSDT | 1.4248 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $1.6M | $1.4M | 25x |
| Short | HTX EUL-USDT | 1.4230 | 0.0478 | get 0.0239% / 4h | 1h 09m | $130K | $43K | 10x |
Bybit EULUSDT
HTX EUL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. 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
- $79.45
- Price spread: −0.126% → +0.320%
- −$44.68
- Slippage, 4 orders
- −$143.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$131.4
- Costs to cover
- 1.662%
- Break-even
- 18.6 days
Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 6 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 Bybit live order book, 1 min ago | 0.35 bp | 26.2 bp −$26 | 1847.8 bp −$18.5K | doesn't fit | doesn't fit |
| Sell HTX live order book, 6 min ago | 22.12 bp | 50.4 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
EUL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EULUSDT | +0.0100% | 4h | 1.4234 | −0.098% | $36K | $9K | 5x | as long as short |
| Binance EULUSDT | +0.0100% | 4h | 1.4240 | −0.056% | $3.2M | $4.6M | 25x | as long as short |
| Bybit EULUSDTlong | +0.0100% | 4h | 1.4248 | long leg | $1.6M | $1.4M | 25x | |
| Gate EUL_USDT | +0.0100% | 4h | 1.4236 | −0.084% | $311K | $717K | 25x | as long as short |
| MEXC EUL_USDT | +0.0100% | 4h | 1.4239 | −0.063% | $501K | $130K | 20x | as long as short |
| Bitget EULUSDT | +0.0100% | 4h | 1.4280 | +0.225% | $2.2M | $260K | 25x | as long as short |
| BingX EUL-USDT | +0.0100% | 4h | 1.4245 | −0.021% | — | $6.5M | — | as long as short |
| Variational Omni EUL | +0.0100% | 4h | 1.4243 | −0.035% | $12K | $1K | — | as long as short |
| edgeX EULUSDC | +0.0115% | 4h | 1.4188 | −0.422% | $25K | $262K | 10x | as long as short |
| BloFin EUL-USDT | +0.0127% | 4h | 1.4218 | −0.211% | $302K | $7K | 25x | as long as short |
Aster EULUSDT
Binance EULUSDT
Gate EUL_USDT
MEXC EUL_USDT
Bitget EULUSDT
BingX EUL-USDT
Variational Omni EUL
edgeX EULUSDC
BloFin EUL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EULUSDTM | +0.0450% | 4h | 1.4242 | −0.042% | $309K | $58K | 25x | as long as short |
| HTX EUL-USDTshort | +0.0478% | 4h | 1.4230 | −0.126% | $130K | $43K | 10x |
KuCoin EULUSDTM