Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Phemex against QFEX+0.135%7-day average +0.218% · 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−$252as in the Price arb table
costs, in and out, $10k−$2442.437% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 2 days (all we have)+0.136%+$14 · spread now +0.135%, 7d avg +0.218%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.082% cheaper against QFEX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.218%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX HUT-USD | 103.55 | 0 | get 0.0000% / 1h | 47m 32s | $1.9M | $1.3M | 10x |
| Short | Phemex HUTUSDT | 103.69 | 0 | get 0.0000% / 8h | 3h 47m | $107K | $128K | 10x |
QFEX HUT-USD
Phemex HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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: +0.135% → +0.218%
- −$8.23
- Slippage, 4 orders
- −$221.66
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$251.89
- Costs to cover
- 2.437%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Phemex: 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 QFEX live order book, 4 min ago | 3.37 bp | 69.5 bp −$69 | 71.3 bp −$713 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.92 bp | 47.4 bp −$47 | 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 | 103.86 | +0.299% | $19K | $92K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.92 | +0.357% | $39K | $1.1M | 20x | as long as short |
| QFEX HUT-USDlong | 0.0000% | 1h | 103.55 | long leg | $1.9M | $1.3M | 10x | |
| Gate HUT_USDT | 0.0000% | 8h | 103.82 | +0.261% | $25K | $29K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.58 | +0.029% | $56K | $152K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.52 | −0.029% | — | $165.0M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 103.67 | +0.116% | $2K | $350K | 20x | as long as short |
| Phemex HUTUSDTshort | 0.0000% | 8h | 103.69 | +0.135% | $107K | $128K | 10x | |
| BloFin HUT-USDT | +0.0352% | 8h | 104.33 | +0.753% | $46K | $29K | 20x | as long as short |
| Binance HUTUSDT | +0.0385% | 8h | 103.67 | +0.116% | $192K | $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