Funding you earn now, next payment 08:00 UTC+0.0785%/8h= +86.0% APRnext payment +$7.85 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against HTX−0.033%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$597as in the Funding arb table
Net, price: spread back to 7d avg − costs−$634as in the Price arb table
costs, in and out, $10k−$6316.307% of the position
Funding, last 7 days+0.339%+$34 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.033%, 7d avg +0.004%
=Funding pays, the price is against you. OKX is 0.037% cheaper against HTX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.004%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.339% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.339% in total (about 17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.85 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 | 29.980 | 0 | get 0.0000% / 8h | 2h 53m | $9K | $253K | 10x |
| Short | OKX TMF-USDT-SWAP | 29.970 | 0.0785 | get 0.0785% / 8h | 2h 53m | $149K | $138K | 20x |
HTX TMF-USDT
OKX TMF-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
- $164.86
- Price spread: −0.033% → +0.004%
- −$3.75
- Slippage, 4 orders
- −$608.65
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$469.53
- Costs to cover
- 6.307%
- Break-even
- 26.9 days
Slippage from HTX: live order book, 58 min ago; OKX: live order book, 56 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, 58 min ago | 28.38 bp | 217.6 bp −$218 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 56 min ago | 6.68 bp | 66.6 bp −$67 | 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 | −0.0081% | 4h | 29.972 | −0.026% | $13K | $285K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.950 | −0.100% | $163K | $53K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.930 | −0.167% | $51K | $7K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.929 | −0.170% | $160K | $86K | 20x | as long as short |
| HTX TMF-USDTlong | 0.0000% | 8h | 29.980 | long leg | $9K | $253K | 10x | |
| OKX TMF-USDT-SWAPshort | +0.0785% | 8h | 29.970 | −0.033% | $149K | $138K | 20x | |
| Variational Omni TMF | +0.0985% | 8h | 29.975 | −0.017% | $28K | $5K | — | as long as short |
| MEXC TMF_USDT | +0.1065% | 8h | 29.960 | −0.067% | $636K | $89K | 20x | as long as short |
| Binance TMFUSDT | +0.1072% | 8h | 29.984 | +0.012% | $1.2M | $501K | 25x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
Variational Omni TMF
MEXC TMF_USDT
Binance TMFUSDT