Settings8H · net · $10k
Funding arb · Price arb /

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0537%/8h= −58.8% APRnext payment $5.37 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Binance+0.040%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)0.000%$0 on $10k
Price spread, last 2 days (all we have)−0.024%−$2 · spread now +0.040%, 7d avg +0.026%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PATHUSDT13.6750.0537pay 0.0537% / 8h1h 36m$65K$205K20x
ShortHTX PATH-USDT13.6800get 0.0000% / 8h1h 36m$2K$283K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$112.71
Price spread: +0.040% → +0.026%
$1.34
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$133.37
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 25 min ago; HTX: live order book, 46 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 25 min ago7.31 bp61.1 bp −$61doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 46 min ago58.44 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PATH on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PATHUSDT0.0000%8h13.690+0.113%$57K$121K25xas long as short
Gate PATH_USDT0.0000%8h13.655−0.143%$6K$8K20xas long as short
Bitget PATHUSDT0.0000%8h13.616−0.428%$22K$36K20xas long as short
SunX PATH-USDT0.0000%8h13.670−0.033%$1.8M10xas long as short
HTX PATH-USDTshort0.0000%8h13.680+0.040%$2K$283K20x
Phemex PATHUSDT0.0000%8h13.630−0.326%$10K$17K10xas long as short
Binance PATHUSDTlong+0.0537%8h13.675long leg$65K$205K20x