Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h −0.079%
Price spread now: HTX against Phoenix+0.137%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.510%−$51 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.137% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.510%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NET | 351.23 | −0.0068 | get 0.0009% / 1h | 44m 23s | $170 | $80K | 10x |
| Short | HTX NET-USDT | 351.71 | 0 | get 0.0000% / 8h | 7h 44m | $9K | $354K | 20x |
Phoenix NET
HTX NET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Phoenix. 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
- $14.32
- Price spread: +0.137% → 0.000%
- $13.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $8.99
- Costs to cover
- 0.190%
- Break-even
- 2.6 days
Slippage unknown: Phoenix: no order-book sample; HTX: live order book, 53 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 53 min ago | 38.03 bp | 312.1 bp −$312 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NET | −0.4442% | 1h | 351.66 | +0.122% | $181K | $45K | 10x | as long as short |
| Phoenix NETlong | −0.0068% | 1h | 351.23 | long leg | $170 | $80K | 10x | |
| Binance NETUSDT | 0.0000% | 8h | 352.12 | +0.253% | $364K | $812K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.29 | +0.302% | $390K | $115K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 352.21 | +0.279% | $175K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.50 | +0.077% | $39K | $4K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 351.44 | +0.060% | $224K | $649K | 20x | as long as short |
| HTX NET-USDTshort | 0.0000% | 8h | 351.71 | +0.137% | $9K | $354K | 20x | |
| tradeXYZ xyz:NET | +0.0050% | 1h | 352.34 | +0.316% | $396K | $183K | 10x | as long as short |
| edgeX NETUSDC | +0.0107% | 4h | 352.15 | +0.263% | $37K | $333K | 10x | as long as short |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
tradeXYZ xyz:NET
edgeX NETUSDC