Funding you earn now, next payment 16:00 UTC−0.0945%/8h= −103.5% APRnext payment −$9.45 per $10,000 · paid last 24h −0.094%
Price spread now: HTX against Binance−0.009%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$542as in the Funding arb table
Net, price: spread back to 7d avg − costs−$519as in the Price arb table
costs, in and out, $10k−$5185.177% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.009%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.242% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.45 per $10,000. 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 | Binance TMFUSDT | 29.963 | 0.0945 | pay 0.0945% / 8h | 7h 44m | $1.2M | $515K | 25x |
| Short | HTX TMF-USDT | 29.960 | 0 | get 0.0000% / 8h | 7h 44m | $9K | $251K | 10x |
Binance TMFUSDT
HTX TMF-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$198.42
- Price spread: −0.009% → +0.008%
- −$1.78
- Slippage, 4 orders
- −$495.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$717.89
- Costs to cover
- 5.177%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; HTX: live order book, 52 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 Binance live order book, 3 min ago | 3.34 bp | 31.1 bp −$31 | 130.9 bp −$1,309 | doesn't fit | doesn't fit |
| Sell HTX live order book, 52 min ago | 28.47 bp | 235.4 bp −$235 | doesn't fit | doesn't fit | doesn't fit |
TMF on 9 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 TMFUSDC | −0.0589% | 4h | 29.952 | −0.035% | $13K | $287K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.950 | −0.043% | $162K | $55K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.900 | −0.210% | $52K | $8K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.891 | −0.240% | $165K | $90K | 20x | as long as short |
| HTX TMF-USDTshort | 0.0000% | 8h | 29.960 | −0.009% | $9K | $251K | 10x | |
| OKX TMF-USDT-SWAP | +0.0524% | 8h | 29.930 | −0.110% | $149K | $138K | 20x | as long as short |
| Variational Omni TMF | +0.0858% | 8h | 29.955 | −0.026% | $29K | $6K | — | as long as short |
| Binance TMFUSDTlong | +0.0945% | 8h | 29.963 | long leg | $1.2M | $515K | 25x | |
| MEXC TMF_USDT | +0.0948% | 8h | 29.940 | −0.076% | $639K | $90K | 20x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
OKX TMF-USDT-SWAP
Variational Omni TMF
MEXC TMF_USDT