Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: Binance against HTX−0.050%53s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$515as 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−$5004.998% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.050%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.036% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs. 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 | HTX KLAC-USDT | 181.56 | 0.0100 | pay 0.0100% / 8h | 3h 25m | $10K | $356K | 10x |
| Short | Binance KLACUSDT | 181.47 | 0 | get 0.0000% / 8h | 3h 25m | $1.2M | $1.4M | 20x |
HTX KLAC-USDT
Binance KLACUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- −$21
- Price spread: −0.050% → −0.013%
- −$3.62
- Slippage, 4 orders
- −$477.79
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$524.41
- Costs to cover
- 4.998%
- Break-even
- never at this rate
Slippage from HTX: live order book, 10 min ago; Binance: live order book, 1 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 HTX live order book, 10 min ago | 28.68 bp | 224.4 bp −$224 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.48 bp | 17.3 bp −$17 | 78.5 bp −$785 | doesn't fit | doesn't fit |
KLAC on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KLACUSDTshort | 0.0000% | 8h | 181.47 | −0.050% | $1.2M | $1.4M | 20x | |
| Bybit KLACUSDT | 0.0000% | 8h | 181.46 | −0.055% | $306K | $387K | 25x | as long as short |
| OKX KLAC-USDT-SWAP | 0.0000% | 8h | 181.51 | −0.028% | $378K | $205K | 20x | as long as short |
| Gate KLAC_USDT | 0.0000% | 8h | 181.26 | −0.165% | $467K | $32K | 20x | as long as short |
| Bitget KLACUSDT | 0.0000% | 8h | 181.43 | −0.072% | $775K | $273K | 20x | as long as short |
| Variational Omni KLAC | 0.0000% | 8h | 181.40 | −0.090% | $19K | $27K | — | as long as short |
| Extended KLAC_24_5-USD | +0.0040% | 1h | 181.57 | +0.004% | $5K | — | 10x | as long as short |
| Vest KLAC-USD-PERP | +0.0046% | 1h | 181.48 | −0.044% | — | $6K | 10x | as long as short |
| KuCoin KLACUSDTM | +0.0100% | 8h | 181.37 | −0.105% | $198K | $1.1M | 20x | as long as short |
| HTX KLAC-USDTlong | +0.0100% | 8h | 181.56 | long leg | $10K | $356K | 10x |
Bybit KLACUSDT
OKX KLAC-USDT-SWAP
Gate KLAC_USDT
Bitget KLACUSDT
Variational Omni KLAC
Extended KLAC_24_5-USD
Vest KLAC-USD-PERP
KuCoin KLACUSDTM