Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.68 per $10,000 · paid last 24h −0.036%
Price spread now: OKX against Binance−0.337%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$425as in the Price arb table
costs, in and out, $10k−$4064.061% of the position
Funding, last 1 day (all we have)−0.036%−$4 on $10k
+Price spread, last 18 hours (all we have)+0.539%+$54 · spread now −0.337%, 7d avg −0.145%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.192% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.145%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HUTUSDT | 103.98 | 0.0068 | pay 0.0068% / 8h | 7h 54m | $176K | $1.7M | 20x |
| Short | OKX HUT-USDT-SWAP | 103.63 | 0 | get 0.0000% / 8h | 7h 54m | $41K | $1.1M | 20x |
Binance HUTUSDT
OKX HUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$14.29
- Price spread: −0.337% → −0.145%
- −$19.18
- Slippage, 4 orders
- −$386.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$439.52
- Costs to cover
- 4.061%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 2 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, 9 min ago | 9.61 bp | 62.8 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 11.08 bp | 107.2 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
HUT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HUTUSDT | 0.0000% | 8h | 103.77 | −0.202% | $21K | $87K | 25x | as long as short |
| OKX HUT-USDT-SWAPshort | 0.0000% | 8h | 103.63 | −0.337% | $41K | $1.1M | 20x | |
| Gate HUT_USDT | 0.0000% | 8h | 103.99 | +0.010% | $25K | $27K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.55 | −0.414% | $55K | $169K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.92 | −0.058% | — | $169.6M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 104.04 | +0.058% | $916 | $349K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 103.71 | −0.260% | $104K | $132K | 10x | as long as short |
| QFEX HUT-USD | 0.0000% | 1h | 103.88 | −0.096% | $1.9M | $1.6M | 10x | as long as short |
| BloFin HUT-USDT | +0.0048% | 8h | 103.94 | −0.038% | $45K | $28K | 20x | as long as short |
| Binance HUTUSDTlong | +0.0068% | 8h | 103.98 | long leg | $176K | $1.7M | 20x |
Bybit HUTUSDT
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
QFEX HUT-USD
BloFin HUT-USDT