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

FWDI

RWAall FWDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0531%/8h= −58.1% APRnext payment $5.31 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against HTX+0.012%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 7 days+0.273%+$27 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.273% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX FWDI-USDT8.06500get 0.0000% / 8h2h 11m$7K$62K10x
ShortBinance FWDIUSDT8.0660−0.0531pay 0.0531% / 8h2h 11m$454K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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
−$111.42
Price spread: +0.012% → 0.000%
$1.24
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$132.18
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Binance: live order book, 7 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 HTX no order-book sample
Sell Binance live order book, 7 min ago3.10 bp71.9 bp −$72593.4 bp −$5,934doesn't fitdoesn't fit
HTX: 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.

FWDI on 7 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 FWDIUSDT−0.1100%8h8.06500.000%$429K$177K5xas long as short
Binance FWDIUSDTshort−0.0531%8h8.0660+0.012%$454K$1.7M10x
OKX FWDI-USDT-SWAP−0.0462%8h8.0560−0.112%$320K$247K10xas long as short
Variational Omni FWDI−0.0268%8h8.0522−0.159%$114K$94Kas long as short
Bybit FWDIUSDT−0.0217%8h8.06500.000%$363K$304K25xas long as short
QFEX FWDI-USD0.0000%1h8.0700+0.062%$1.1M$385K10xas long as short
HTX FWDI-USDTlong0.0000%8h8.0650long leg$7K$62K10x