Funding you earn now, next payment 08:00 UTC+0.0286%/8h= +31.3% APRnext payment +$2.86 per $10,000 · paid last 24h +0.036%
Price spread now: Binance against OKX+0.423%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$349as in the Price arb table
costs, in and out, $10k−$3793.789% of the position
Funding, last 1 day (all we have)+0.036%+$4 on $10k
+Price spread, last 1 day (all we have)−0.685%−$68 · spread now +0.423%, 7d avg +0.129%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.294% dearer against OKX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HUT-USDT-SWAP | 103.61 | 0 | get 0.0000% / 8h | 4h 22m | $39K | $1.1M | 20x |
| Short | Binance HUTUSDT | 104.05 | 0.0286 | get 0.0286% / 8h | 4h 22m | $179K | $1.6M | 20x |
OKX HUT-USDT-SWAP
Binance HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $59.96
- Price spread: +0.423% → +0.129%
- $29.41
- Slippage, 4 orders
- −$358.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$289.51
- Costs to cover
- 3.789%
- Break-even
- 40.8 days
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 11 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 OKX live order book, 4 min ago | 13.02 bp | 213.2 bp −$213 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 11.54 bp | 35.4 bp −$35 | 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 | 103.89 | +0.270% | $19K | $91K | 25x | as long as short |
| OKX HUT-USDT-SWAPlong | 0.0000% | 8h | 103.61 | long leg | $39K | $1.1M | 20x | |
| QFEX HUT-USD | 0.0000% | 1h | 104.36 | +0.724% | $1.9M | $1.3M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 104.00 | +0.376% | $26K | $28K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 104.14 | +0.512% | $56K | $150K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.82 | +0.203% | — | $165.0M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 104.04 | +0.415% | $2K | $349K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 104.09 | +0.463% | $107K | $127K | 10x | as long as short |
| Binance HUTUSDTshort | +0.0286% | 8h | 104.05 | +0.423% | $179K | $1.6M | 20x | |
| BloFin HUT-USDT | +0.0308% | 8h | 104.13 | +0.502% | $46K | $29K | 20x | as long as short |
Bybit HUTUSDT
QFEX HUT-USD
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
BloFin HUT-USDT