Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 55.965 | +0.0010 | pay 0.0001% / 1h | 16m 19s | $1.2M | — | 10x | Long QFEX37% off | |
| SHORT | 56.145 | 0 | 0.0000% / 8h | 16m 19s | $592K | $43K | 10x | Short Phemex |
Price gap+0.322%
Funding gap−0.0010% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 48 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1−0.0010% /8h now · paid +0.006% over the last 7D
Price+$14spread +0.322% now, avg +0.181% → +0.140% if it goes back
Costs−$2002.001% of $10k · taker + slippage, in and out
Result−$185−1.85%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.322%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hHUT on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size38.2 / 64.8 bpAt $10k entering Phemex costs 64.8 bp, fee and slippage, 1.7× QFEX’s.
- Note: Margin at max leverage$1,000 + $1,000QFEX 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.30Long QFEX: 24 payments, −$0.30; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.322% vs +0.181%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$592K vs $1.2M OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0003%/8h × 21 periods+$0.55
Price spread+0.322% → +0.181% (7d avg)+$14.03
Slippage, 4 orderslive order books−$168.07
Fee QFEX bp × 2 orders−$20.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$185.49
Costs to cover2.001%Break-even2359.2 days
Slippage: QFEX: live order book, 10 min ago; Phemex: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX28.2238.2 bp−$3839.2 bp−$392doesn’t fitdoesn’t fit
SELL · SHORTPhemex11.6464.8 bp−$65doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
HUT news
posts that mention HUT or Hut 8, from every exchange| 10-09 08:00 | HTX | Listing | Did you know @HTXFutures now offers 100+ TradFi futures? New additions: $HUT and $AMC perpetual futures, now live with up to 20x leverage. What should be listed next? @HTX_Global on X ↗ |
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