Funding you earn now, next payment 16:00 UTC−0.0516%/8h= −56.5% APRnext payment −$5.16 per $10,000 · paid last 24h −0.055%
Price spread now: HTX against OKX+0.100%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$661as in the Funding arb table
Net, price: spread back to 7d avg − costs−$637as in the Price arb table
costs, in and out, $10k−$6476.470% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now +0.100%, 7d avg +0.004%
=The price spread pays, funding is against you. HTX is 0.097% dearer against OKX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.004%): +$10 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.139% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.16 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 | OKX TMF-USDT-SWAP | 29.930 | 0.0516 | pay 0.0516% / 8h | 7h 42m | $149K | $138K | 20x |
| Short | HTX TMF-USDT | 29.960 | 0 | get 0.0000% / 8h | 7h 42m | $9K | $251K | 10x |
OKX TMF-USDT-SWAP
HTX TMF-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- −$108.32
- Price spread: +0.100% → +0.004%
- $9.67
- Slippage, 4 orders
- −$624.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$745.61
- Costs to cover
- 6.470%
- Break-even
- never at this rate
Slippage from OKX: live order book, 52 min ago; HTX: live order book, 54 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 OKX live order book, 52 min ago | 8.36 bp | 117.8 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 54 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 | −0.0261% | 4h | 29.948 | +0.061% | $13K | $288K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.940 | +0.033% | $162K | $55K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.900 | −0.100% | $52K | $8K | 20x | as long as short |
| Bitget TMFUSDT | 0.0000% | 8h | 29.874 | −0.187% | $165K | $90K | 20x | as long as short |
| HTX TMF-USDTshort | 0.0000% | 8h | 29.960 | +0.100% | $9K | $251K | 10x | |
| OKX TMF-USDT-SWAPlong | +0.0516% | 8h | 29.930 | long leg | $149K | $138K | 20x | |
| Variational Omni TMF | +0.0858% | 8h | 29.955 | +0.084% | $29K | $6K | — | as long as short |
| Binance TMFUSDT | +0.0939% | 8h | 29.954 | +0.080% | $1.2M | $515K | 25x | as long as short |
| MEXC TMF_USDT | +0.0944% | 8h | 29.940 | +0.033% | $639K | $90K | 20x | as long as short |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
Bitget TMFUSDT
Variational Omni TMF
Binance TMFUSDT
MEXC TMF_USDT