Funding you earn now, next payment 03:00 UTC−0.0787%/8h= −86.1% APRpaid last 24h −0.015%
Price spread now: OKX against tradeXYZ+0.222%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1721.715% of the position
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.222%, 7d avg +0.120%
=Together, before fees−0.312%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.102% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of +0.120%): +$10 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.377% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.377% in total (about -19.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:HYUNDAI | 269.69 | 0.0787 | pay 0.0098% / 1h | 21m 23s | $976K | $1.3M | 10x |
| Short | OKX HYUNDAI-USDT-SWAP | 270.29 | 0 | get 0.0000% / 8h | 5h 21m | $133K | $113K | 25x |
tradeXYZ xyz:HYUNDAI
OKX HYUNDAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. 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
- −$165.2
- Price spread: +0.222% → +0.120%
- $10.24
- Slippage, 4 orders
- −$143.54
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$326.51
- Costs to cover
- 1.715%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; OKX: live order book, 38 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 tradeXYZ live order book, 5 min ago | 1.84 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 38 min ago | 2.42 bp | 69.8 bp −$70 | 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 | 269.23 | −0.172% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 270.20 | +0.189% | $1.7M | $1.4M | 25x | as long as short |
| OKX HYUNDAI-USDT-SWAPshort | 0.0000% | 8h | 270.29 | +0.222% | $133K | $113K | 25x | |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 270.20 | +0.189% | $862K | $855K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 270.12 | +0.159% | $825K | $541K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 270.54 | +0.314% | $2K | $133K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 270.28 | +0.219% | $1K | $718K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 270.65 | +0.356% | $8K | $29K | 20x | as long as short |
| Phemex HYUNDAIUSDT | 0.0000% | 8h | 270.18 | +0.182% | $2.4M | $99K | 10x | as long as short |
| Bybit HYUNDAIUSDT | +0.0060% | 8h | 270.29 | +0.222% | $152K | $64K | 25x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Phemex HYUNDAIUSDT
Bybit HYUNDAIUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYUNDAIUSDTM | +0.0278% | 4h | 269.97 | +0.104% | $512K | $1.2M | 20x | as long as short |
| tradeXYZ xyz:HYUNDAIlong | +0.0787% | 1h | 269.69 | long leg | $976K | $1.3M | 10x |
KuCoin HYUNDAIUSDTM