Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Gate0.000%7-day average +0.326% · you sell dearer than you buy
Net, funding: paid 7d − costs−$567as in the Funding arb table
Net, price: spread back to 7d avg − costs−$635as in the Price arb table
costs, in and out, $10k−$6036.026% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)+0.459%+$46 · spread now 0.000%, 7d avg +0.326%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.326% cheaper against Gate than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.326%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.353%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPCH_USDT | 10.342 | 0.0046 | pay 0.0046% / 8h | 2h 50m | $233K | $499K | 20x |
| Short | HTX SPCH-USDT | 10.342 | 0 | get 0.0000% / 8h | 2h 50m | $17K | $406K | 20x |
Gate SPCH_USDT
HTX SPCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Gate. 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
- −$9.66
- Price spread: 0.000% → +0.326%
- −$32.56
- Slippage, 4 orders
- −$575.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$644.8
- Costs to cover
- 6.026%
- Break-even
- never at this rate
Slippage from Gate: live order book, 60 min ago; HTX: live order book, 63 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 Gate live order book, 60 min ago | 28.89 bp | 327.4 bp −$327 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 63 min ago | 14.42 bp | 68.3 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
SPCH 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPCHUSDT | 0.0000% | 8h | 10.350 | +0.077% | $174K | $189K | 25x | as long as short |
| Bitget SPCHUSDT | 0.0000% | 8h | 10.331 | −0.106% | $207K | $276K | 20x | as long as short |
| HTX SPCH-USDTshort | 0.0000% | 8h | 10.342 | 0.000% | $17K | $406K | 20x | |
| OKX SPCH-USDT-SWAP | +0.0036% | 8h | 10.330 | −0.116% | $96K | $280K | 10x | as long as short |
| Gate SPCH_USDTlong | +0.0046% | 8h | 10.342 | long leg | $233K | $499K | 20x |
Bybit SPCHUSDT
Bitget SPCHUSDT
OKX SPCH-USDT-SWAP