Funding you earn now, next payment 08:00 UTC+0.1265%/8h= +138.5% APRnext payment +$12.65 per $10,000 · paid last 24h +0.026%
Price spread now: Binance against HTX+0.235%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$477as in the Price arb table
costs, in and out, $10k−$5015.015% of the position
Funding, last 7 days+0.415%+$42 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.235%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Binance is 0.243% dearer against HTX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.415% in total (about 21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.65 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 | HTX TMF-USDT | 29.800 | 0 | get 0.0000% / 8h | 4h 48m | $9K | $254K | 10x |
| Short | Binance TMFUSDT | 29.870 | 0.1265 | get 0.1265% / 8h | 4h 48m | $1.2M | $460K | 25x |
HTX TMF-USDT
Binance TMFUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $265.62
- Price spread: +0.235% → −0.008%
- $24.3
- Slippage, 4 orders
- −$479.45
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$211.53
- Costs to cover
- 5.015%
- Break-even
- 12.6 days
Slippage from HTX: live order book, 8 min ago; Binance: live order book, 14 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, 8 min ago | 29.95 bp | 205.1 bp −$205 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 5.00 bp | 31.8 bp −$32 | 147.9 bp −$1,479 | 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 | −0.0640% | 4h | 30.006 | +0.690% | $13K | $282K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.860 | +0.201% | $164K | $46K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.870 | +0.235% | $51K | $7K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.902 | +0.342% | $156K | $78K | 20x | as long as short |
| HTX TMF-USDTlong | 0.0000% | 8h | 29.800 | long leg | $9K | $254K | 10x | |
| OKX TMF-USDT-SWAP | +0.0870% | 8h | 29.860 | +0.201% | $149K | $136K | 20x | as long as short |
| Variational Omni TMF | +0.1212% | 8h | 29.805 | +0.016% | $29K | $4K | — | as long as short |
| Binance TMFUSDTshort | +0.1265% | 8h | 29.870 | +0.235% | $1.2M | $460K | 25x | |
| MEXC TMF_USDT | +0.1270% | 8h | 29.860 | +0.201% | $637K | $89K | 20x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
OKX TMF-USDT-SWAP
Variational Omni TMF
MEXC TMF_USDT