Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.014%
Price spread now: OKX against HTX+0.100%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$671as in the Funding arb table
Net, price: spread back to 7d avg − costs−$630as in the Price arb table
costs, in and out, $10k−$6516.515% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.100%, 7d avg −0.115%
=The price spread pays, funding is against you. OKX is 0.215% dearer against HTX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.115%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHOP-USDT | 139.99 | 0.0100 | pay 0.0100% / 8h | 7h 32m | $9K | $354K | 10x |
| Short | OKX SHOP-USDT-SWAP | 140.13 | 0 | get 0.0000% / 8h | 7h 32m | $124K | $343K | 20x |
HTX SHOP-USDT
OKX SHOP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.100% → −0.115%
- $21.55
- Slippage, 4 orders
- −$629.48
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$650.93
- Costs to cover
- 6.515%
- Break-even
- never at this rate
Slippage from HTX: live order book, 65 min ago; OKX: live order book, 62 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, 65 min ago | 12.54 bp | 267.6 bp −$268 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 62 min ago | 12.93 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
SHOP 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHOPUSDC | −0.0372% | 4h | 138.48 | −1.081% | $18K | $228K | 10x | as long as short |
| Bitget SHOPUSDT | −0.0014% | 8h | 139.60 | −0.279% | $361K | $234K | 20x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 139.87 | −0.088% | $383K | $1.0M | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.50 | −0.350% | $849K | $103K | 25x | as long as short |
| OKX SHOP-USDT-SWAPshort | 0.0000% | 8h | 140.13 | +0.100% | $124K | $343K | 20x | |
| Gate SHOP_USDT | 0.0000% | 8h | 139.54 | −0.321% | $275K | $66K | 20x | as long as short |
| HTX SHOP-USDTlong | +0.0100% | 8h | 139.99 | long leg | $9K | $354K | 10x | |
| Extended SHOP-USD | +0.0120% | 1h | 139.00 | −0.708% | $263K | $6K | 10x | as long as short |
edgeX SHOPUSDC
Bitget SHOPUSDT
Binance SHOPUSDT
Bybit SHOPUSDT
Gate SHOP_USDT
Extended SHOP-USD