Funding you earn now, next payment 07:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.071%
Price spread now: tradeXYZ against Phemex−0.008%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1501.504% of the position
Funding, last 7 days+0.758%+$76 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.008%, 7d avg −0.078%
=Together, before fees+0.673%+ Points / potential airdroptradeXYZ: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and tradeXYZ is 0.070% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYUNDAIUSDT | 265.54 | 0 | get 0.0000% / 8h | 1h 24m | $2.3M | $108K | 10x |
| Short | tradeXYZ xyz:HYUNDAI | 265.52 | 0.0400 | get 0.0050% / 1h | 24m 03s | $932K | $1.4M | 10x |
Phemex HYUNDAIUSDT
tradeXYZ xyz:HYUNDAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $83.98
- Price spread: −0.008% → −0.078%
- $7.05
- Slippage, 4 orders
- −$120.35
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$59.33
- Costs to cover
- 1.504%
- Break-even
- 11.9 days
Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 3 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, 4 min ago | 3.20 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.88 bp | 25.5 bp −$26 | 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 | 265.39 | −0.056% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 265.45 | −0.036% | $1.7M | $1.6M | 25x | as long as short |
| Bybit HYUNDAIUSDT | 0.0000% | 8h | 265.33 | −0.079% | $147K | $76K | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 265.40 | −0.053% | $646K | $987K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 265.86 | +0.121% | $839K | $739K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 265.31 | −0.087% | $653 | $135K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 265.61 | +0.026% | $1K | $464K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 265.45 | −0.034% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDTlong | 0.0000% | 8h | 265.54 | long leg | $2.3M | $108K | 10x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 265.23 | −0.117% | $313K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Bybit HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HYUNDAI-USDT-SWAP | +0.0108% | 8h | 265.64 | +0.038% | $127K | $144K | 25x | as long as short |
| tradeXYZ xyz:HYUNDAIshort | +0.0400% | 1h | 265.52 | −0.008% | $932K | $1.4M | 10x |
OKX HYUNDAI-USDT-SWAP