Funding you earn now, next payment 08:00 UTC−0.0207%/8h= −22.6% APRnext payment −$2.07 per $10,000 · paid last 24h −0.073%
Price spread now: Phemex against OKX−0.019%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2282.282% of the position
Funding, last 7 days−0.399%−$40 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.019%, 7d avg −0.040%
=The price spread pays, funding is against you. Phemex is 0.021% dearer against OKX than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.040%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HYUNDAI-USDT-SWAP | 265.61 | 0.0207 | pay 0.0207% / 8h | 2h 24m | $129K | $140K | 25x |
| Short | Phemex HYUNDAIUSDT | 265.56 | 0 | get 0.0000% / 8h | 2h 24m | $2.3M | $109K | 10x |
OKX HYUNDAI-USDT-SWAP
Phemex HYUNDAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$43.42
- Price spread: −0.019% → −0.040%
- $2.09
- Slippage, 4 orders
- −$206.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$269.57
- Costs to cover
- 2.282%
- Break-even
- never at this rate
Slippage from OKX: live order book, 21 min ago; Phemex: live order book, 4 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, 21 min ago | 1.69 bp | 76.4 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.51 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
HYUNDAI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYUNDAIUSDT | 0.0000% | 4h | 265.54 | −0.027% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 265.66 | +0.019% | $1.7M | $1.6M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 265.60 | −0.004% | $673K | $987K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 265.76 | +0.056% | $838K | $725K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 265.74 | +0.047% | $2K | $133K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 265.59 | −0.008% | $836 | $565K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 265.72 | +0.041% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDTshort | 0.0000% | 8h | 265.56 | −0.019% | $2.3M | $109K | 10x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 265.14 | −0.177% | $319K | $1.3M | 20x | as long as short |
| tradeXYZ xyz:HYUNDAI | +0.0105% | 1h | 265.86 | +0.094% | $975K | $1.4M | 10x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
KuCoin HYUNDAIUSDTM
tradeXYZ xyz:HYUNDAIShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYUNDAIUSDT | +0.0125% | 8h | 265.75 | +0.053% | $148K | $75K | 25x | as long as short |
| OKX HYUNDAI-USDT-SWAPlong | +0.0207% | 8h | 265.61 | long leg | $129K | $140K | 25x |
Bybit HYUNDAIUSDT