Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.058%
Price spread now: Binance against Phemex−0.027%7-day average −0.031% · 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−$229as in the Price arb table
costs, in and out, $10k−$2302.295% of the position
Funding, last 2 days (all we have)+0.058%+$6 on $10k
+Price spread, last 2 days (all we have)−0.098%−$10 · spread now −0.027%, 7d avg −0.031%
=The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HUTUSDT | 103.87 | 0 | get 0.0000% / 8h | 7h 34m | $104K | $130K | 10x |
| Short | Binance HUTUSDT | 103.84 | 0.0073 | get 0.0073% / 8h | 7h 34m | $176K | $1.7M | 20x |
Phemex HUTUSDT
Binance HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $15.34
- Price spread: −0.027% → −0.031%
- $0.4
- Slippage, 4 orders
- −$207.51
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$213.77
- Costs to cover
- 2.295%
- Break-even
- 104.6 days
Slippage from Phemex: live order book, 38 min ago; Binance: live order book, 14 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 Phemex live order book, 38 min ago | 17.30 bp | 60.2 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 10.10 bp | 49.4 bp −$49 | 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 | 104.04 | +0.164% | $22K | $87K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.62 | −0.241% | $41K | $1.1M | 20x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 103.95 | +0.077% | $25K | $27K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.74 | −0.125% | $55K | $159K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.95 | +0.077% | — | $167.9M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 103.86 | −0.010% | $979 | $349K | 20x | as long as short |
| Phemex HUTUSDTlong | 0.0000% | 8h | 103.87 | long leg | $104K | $130K | 10x | |
| QFEX HUT-USD | 0.0000% | 1h | 104.18 | +0.298% | $1.9M | $1.6M | 10x | as long as short |
| Binance HUTUSDTshort | +0.0073% | 8h | 103.84 | −0.027% | $176K | $1.7M | 20x | |
| BloFin HUT-USDT | +0.0102% | 8h | 104.08 | +0.202% | $45K | $28K | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
QFEX HUT-USD
BloFin HUT-USDT