Funding you earn now, next payment 09:00 UTC−0.0241%/8h= −26.3% APRpaid last 24h +0.025%
Price spread now: OKX against HTX+0.056%7-day average +0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.056%, 7d avg +0.190%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.134% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.190%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SOFTBANK-USDT | 41.087 | 0 | get 0.0000% / 1h | 40m 52s | $6K | $381K | 20x |
| Short | OKX SOFTBANK-USDT-SWAP | 41.110 | −0.0241 | pay 0.0241% / 8h | 7h 40m | $88K | $228K | 10x |
HTX SOFTBANK-USDT
OKX SOFTBANK-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
- −$50.51
- Price spread: +0.056% → +0.190%
- −$13.38
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$85.9
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 57 min ago; OKX: 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 live order book, 57 min ago | 41.48 bp | 301.4 bp −$301 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 54 min ago | 16.97 bp | 280.4 bp −$280 | doesn't fit | doesn't fit | doesn't fit |
SOFTBANK on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SOFTBANK-USDT-SWAPshort | −0.0241% | 8h | 41.110 | +0.056% | $88K | $228K | 10x | |
| Gate SOFTBANK_USDT | 0.0000% | 8h | 41.170 | +0.202% | $5K | $734 | 20x | as long as short |
| Bitget SOFTBANKUSDT | 0.0000% | 8h | 40.987 | −0.243% | $2.1M | $1.6M | 20x | as long as short |
| HTX SOFTBANK-USDTlong | 0.0000% | 1h | 41.087 | long leg | $6K | $381K | 20x | |
| tradeXYZ xyz:SOFTBANK | +0.0583% | 1h | 41.382 | +0.718% | $1.6M | $520K | 10x | as long as short |
Gate SOFTBANK_USDT
Bitget SOFTBANKUSDT
tradeXYZ xyz:SOFTBANK