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

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0406%/8h= +44.5% APRnext payment +$4.06 per $10,000 · paid last 24h +0.069%
Price spread now: Binance against HTX−0.139%7-day average −0.023% · you buy dearer than you sell
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)+0.069%+$7 on $10k
Price spread, last 2 days (all we have)+0.084%+$8 · spread now −0.139%, 7d avg −0.023%
Together, before fees+0.154%+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.116% cheaper against HTX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.023%). If the spread goes back, that is −$12 on $10k: about 23 hours of funding at the current rate (+$12 a day). At the pace of the last 2 days (+0.069% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.069% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PATH-USDT13.7800get 0.0000% / 8h6h 21m$2K$252K20x
ShortBinance PATHUSDT13.7610.0406get 0.0406% / 8h6h 21m$64K$192K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$85.29
Price spread: −0.139% → −0.023%
−$11.56
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
$51.73
Costs to cover
0.220%
Break-even
2.8 days
Slippage unknown: HTX: live order book, 27 min ago; Binance: live order book, 17 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 HTX live order book, 27 min ago47.39 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 17 min ago10.90 bp64.5 bp −$64doesn't fitdoesn't fitdoesn't fit

PATH on 8 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX PATHUSDC−0.0630%4h13.750−0.215%$41K10xas long as short
Bybit PATHUSDT0.0000%8h13.820+0.290%$52K$167K25xas long as short
Gate PATH_USDT0.0000%8h13.743−0.269%$6K$14K20xas long as short
Bitget PATHUSDT0.0000%8h13.727−0.385%$18K$28K20xas long as short
SunX PATH-USDT0.0000%8h13.750−0.218%$1.8M10xas long as short
HTX PATH-USDTlong0.0000%8h13.780long leg$2K$252K20x
Phemex PATHUSDT0.0000%8h13.770−0.073%$11K$16K10xas long as short
Binance PATHUSDTshort+0.0406%8h13.761−0.139%$64K$192K20x