Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against HTX−0.118%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.118% cheaper against HTX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PANW-USDT | 371.67 | 0.0100 | pay 0.0100% / 8h | 3h 54m | $892 | $39K | 10x |
| Short | Bybit PANWUSDT | 371.23 | 0 | get 0.0000% / 8h | 3h 54m | $314K | $322K | 25x |
HTX PANW-USDT
Bybit PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.118% → 0.000%
- −$11.84
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.84
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Bybit: live order book, 54 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 HTX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 54 min ago | 6.60 bp | 20.2 bp −$20 | 155.0 bp −$1,550 | doesn't fit | doesn't fit |
HTX: 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.
PANW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDT | 0.0000% | 8h | 371.43 | −0.065% | $514K | $762K | 25x | as long as short |
| Bybit PANWUSDTshort | 0.0000% | 8h | 371.23 | −0.118% | $314K | $322K | 25x | |
| QFEX PANW-USD | 0.0000% | 1h | 371.28 | −0.105% | $1.1M | $2.5M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 371.83 | +0.043% | $67K | $5K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 371.56 | −0.030% | $174K | $378K | 20x | as long as short |
| SunX PANW-USDT | +0.0100% | 8h | 371.63 | −0.011% | $1K | $624K | 10x | as long as short |
| HTX PANW-USDTlong | +0.0100% | 8h | 371.67 | long leg | $892 | $39K | 10x | |
| Injective PANW/USDC PERP | +0.0220% | 1h | 375.49 | +1.028% | $6K | $38K | 12x | as long as short |
Binance PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
Bitget PANWUSDT
SunX PANW-USDT
Injective PANW/USDC PERP