Funding you earn now, next payment 08:00 UTC−0.1009%/8h= −110.5% APRnext payment −$10.09 per $10,000 · paid last 24h −0.027%
Price spread now: HTX against MEXC+0.167%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$534as in the Funding arb table
Net, price: spread back to 7d avg − costs−$485as in the Price arb table
costs, in and out, $10k−$4924.923% of the position
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.167%, 7d avg +0.091%
=The price spread pays, funding is against you. HTX is 0.076% dearer against MEXC than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.091%): +$8 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.414% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.414% in total (about -21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.09 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 | MEXC TMF_USDT | 29.940 | 0.1009 | pay 0.1009% / 8h | 3h 48m | $636K | $89K | 20x |
| Short | HTX TMF-USDT | 29.990 | 0 | get 0.0000% / 8h | 3h 48m | $9K | $252K | 10x |
MEXC TMF_USDT
HTX TMF-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against MEXC. 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
- −$211.89
- Price spread: +0.167% → +0.091%
- $7.57
- Slippage, 4 orders
- −$480.29
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$696.61
- Costs to cover
- 4.923%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 62 min ago; HTX: live order book, 4 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 MEXC live order book, 62 min ago | 10.05 bp | 28.5 bp −$28 | 111.0 bp −$1,110 | 205.9 bp −$20.6K | 296.1 bp −$148.0K |
| Sell HTX live order book, 4 min ago | 28.38 bp | 218.2 bp −$218 | 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 | −0.0450% | 4h | 29.935 | −0.017% | $14K | $286K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.940 | 0.000% | $160K | $51K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.910 | −0.100% | $51K | $7K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.939 | −0.003% | $155K | $80K | 20x | as long as short |
| HTX TMF-USDTshort | 0.0000% | 8h | 29.990 | +0.167% | $9K | $252K | 10x | |
| OKX TMF-USDT-SWAP | +0.0742% | 8h | 29.950 | +0.033% | $148K | $137K | 20x | as long as short |
| Variational Omni TMF | +0.0936% | 8h | 29.935 | −0.017% | $29K | $5K | — | as long as short |
| Binance TMFUSDT | +0.1004% | 8h | 29.940 | 0.000% | $1.2M | $469K | 25x | as long as short |
| MEXC TMF_USDTlong | +0.1009% | 8h | 29.940 | long leg | $636K | $89K | 20x |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
OKX TMF-USDT-SWAP
Variational Omni TMF
Binance TMFUSDT