Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: QFEX against Phemex+0.240%7-day average −0.217% · 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−$288as in the Price arb table
costs, in and out, $10k−$3343.342% of the position
Funding, last 2 days (all we have)+0.001%$0 on $10k
+Price spread, last 2 days (all we have)−0.930%−$93 · spread now +0.240%, 7d avg −0.217%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.457% dearer against Phemex than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.217%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HUTUSDT | 104.11 | 0 | get 0.0000% / 8h | 4h 16m | $107K | $127K | 10x |
| Short | QFEX HUT-USD | 104.36 | 0 | get 0.0000% / 1h | 16m 38s | $1.9M | $1.3M | 10x |
Phemex HUTUSDT
QFEX HUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $0
- Price spread: +0.240% → −0.217%
- $45.73
- Slippage, 4 orders
- −$312.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$288.44
- Costs to cover
- 3.342%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 41 min ago; QFEX: live order book, 5 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, 41 min ago | 8.18 bp | 43.9 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 78.09 bp | 123.0 bp −$123 | 124.8 bp −$1,248 | 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 | 103.92 | −0.182% | $19K | $91K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.61 | −0.480% | $39K | $1.1M | 20x | as long as short |
| QFEX HUT-USDshort | 0.0000% | 1h | 104.36 | +0.240% | $1.9M | $1.3M | 10x | |
| Gate HUT_USDT | 0.0000% | 8h | 104.03 | −0.077% | $26K | $28K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 104.14 | +0.029% | $56K | $150K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.78 | −0.317% | — | $165.0M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 104.04 | −0.067% | $2K | $349K | 20x | as long as short |
| Phemex HUTUSDTlong | 0.0000% | 8h | 104.11 | long leg | $107K | $127K | 10x | |
| BloFin HUT-USDT | +0.0263% | 8h | 104.14 | +0.029% | $46K | $29K | 20x | as long as short |
| Binance HUTUSDT | +0.0268% | 8h | 104.13 | +0.019% | $179K | $1.6M | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
BloFin HUT-USDT
Binance HUTUSDT