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

BKNG

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: HTX against Extended+0.152%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. HTX is 0.152% dearer against Extended than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BKNG-USD168.610.0040pay 0.0005% / 1h44m 10s$27K$12K10x
ShortHTX BKNG-USDT168.870get 0.0000% / 8h44m 10s$5K$363K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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
−$8.4
Price spread: +0.152% → 0.000%
$15.2
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$10.2
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; HTX: live order book, 34 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 Extended no order-book sample
Sell HTX live order book, 34 min ago96.93 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Extended: 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.

BKNG on 4 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
Gate BKNG_USDT0.0000%8h169.24+0.371%$117K$3K20xas long as short
Bitget BKNGUSDT0.0000%8h169.04+0.253%$95K$22K20xas long as short
HTX BKNG-USDTshort0.0000%8h168.87+0.152%$5K$363K20x
Extended BKNG-USDlong+0.0040%1h168.61long leg$27K$12K10x