Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 39.145 | −0.0289 | get 0.0144% / 4h | 2h 06m | $252K | $533K | 20x | Long Binance | |
| SHORT | 39.060 | 0 | 0.0000% / 4h | 2h 06m | $5K | $153K | 20x | Short HTX |
Price gap−0.216%
Funding gap+0.0289% /8h
Funding pays +$9 a day on $10k, but the gap is 0.219% under its 7d average: −$22 if it goes back, about 2.5 days of funding. At the last 7 days' pace that is about 12 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13+0.0289% /8h now · paid +0.131% over the last 7D
Price−$22spread −0.216% now, avg +0.003% → −0.219% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$9−0.09%no pointscosts unknown: book too thin at $10k ·
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.131% in total, about +0.0063%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.216%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hHK0625 on 3 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than HTX’s order book right now.
- Note: Margin at max leverage$500 + $500Binance 20x, HTX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$8.66Long Binance: 6 payments, +$8.66; short HTX: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.216% vs +0.003%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$5K vs $252K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · HTX LimitedVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0063%/8h × 21 periods+$13.13
Price spread−0.216% → +0.003% (7d avg)−$21.90
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Binance bp × 2 orders−$8.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Binance: live order book, 58 min ago; HTX: live order book, 29 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance10.2255.0 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHTX77.86doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.