Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.073%
Price spread now: OKX against Phemex+0.063%53s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1911.906% of the position
Funding, last 7 days+0.399%+$40 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.063%, 7d avg +0.039%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.024% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.039%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYUNDAIUSDT | 268.69 | 0 | get 0.0000% / 8h | 4h 33m | $2.3M | $107K | 10x |
| Short | OKX HYUNDAI-USDT-SWAP | 268.86 | 0.0086 | get 0.0086% / 8h | 4h 33m | $132K | $122K | 25x |
Phemex HYUNDAIUSDT
OKX HYUNDAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $18.03
- Price spread: +0.063% → +0.039%
- $2.4
- Slippage, 4 orders
- −$168.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$170.2
- Costs to cover
- 1.906%
- Break-even
- 73.1 days
Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 21 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, 5 min ago | 2.05 bp | 50.8 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 21 min ago | 2.97 bp | 70.9 bp −$71 | 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 | 268.62 | −0.027% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 268.69 | 0.000% | $1.8M | $1.5M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.90 | +0.078% | $865K | $874K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.90 | +0.078% | $827K | $623K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.72 | +0.011% | $1K | $717K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.95 | +0.097% | $7K | $31K | 20x | as long as short |
| Phemex HYUNDAIUSDTlong | 0.0000% | 8h | 268.69 | long leg | $2.3M | $107K | 10x | |
| OKX HYUNDAI-USDT-SWAPshort | +0.0086% | 8h | 268.86 | +0.063% | $132K | $122K | 25x | |
| Bybit HYUNDAIUSDT | +0.0149% | 8h | 268.84 | +0.056% | $151K | $73K | 25x | as long as short |
| KuCoin HYUNDAIUSDTM | +0.0244% | 4h | 268.50 | −0.071% | $354K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Bybit HYUNDAIUSDT
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perp | +0.0270% | 4h | 268.70 | +0.004% | $2K | $137K | 10x | as long as short |
| tradeXYZ xyz:HYUNDAI | +0.0644% | 1h | 268.92 | +0.086% | $958K | $1.4M | 10x | as long as short |
GRVT HYUNDAI_USDT_Perp
tradeXYZ xyz:HYUNDAI