Funding you earn now, next payment 07:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.071%
Price spread now: Phemex against tradeXYZ+0.008%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as 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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.070% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:HYUNDAI | 265.52 | 0.0400 | pay 0.0050% / 1h | 24m 03s | $932K | $1.4M | 10x |
| Short | Phemex HYUNDAIUSDT | 265.54 | 0 | get 0.0000% / 8h | 1h 24m | $2.3M | $108K | 10x |
tradeXYZ xyz:HYUNDAI
Phemex HYUNDAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$83.98
- Price spread: +0.008% → +0.078%
- −$7.05
- Slippage, 4 orders
- −$120.35
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$241.38
- Costs to cover
- 1.504%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 1.88 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.20 bp | 40.5 bp −$41 | 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 | −0.049% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 265.45 | −0.028% | $1.7M | $1.6M | 25x | as long as short |
| Bybit HYUNDAIUSDT | 0.0000% | 8h | 265.33 | −0.072% | $147K | $76K | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 265.40 | −0.045% | $646K | $987K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 265.86 | +0.128% | $839K | $739K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 265.31 | −0.080% | $653 | $135K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 265.61 | +0.034% | $1K | $464K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 265.45 | −0.026% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDTshort | 0.0000% | 8h | 265.54 | +0.008% | $2.3M | $108K | 10x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 265.23 | −0.109% | $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 | +0.045% | $127K | $144K | 25x | as long as short |
| tradeXYZ xyz:HYUNDAIlong | +0.0400% | 1h | 265.52 | long leg | $932K | $1.4M | 10x |
OKX HYUNDAI-USDT-SWAP