Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 18.813 | 0 | 0.0000% / 1h | 16m 42s | $1K | $350K | 20x | Long HTX | |
| SHORT | 18.890 | −0.3293 | pay 0.0412% / 1h | 16m 42s | $179K | $10K | 10x | Short tradeXYZ |
Price gap+0.409%
Funding gap−0.3293% /8h
The gap pays +$25 on $10k if it goes back to its 7d average, but funding costs $99 a day and eats that in about 6 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$85−0.3293% /8h now · paid +0.847% over the last 7D
Price+$25spread +0.409% now, avg +0.156% → +0.253% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$110+1.10%+ Points / potential airdroptradeXYZ: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.847% in total, about +0.0403%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.409%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUMC on 6 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than HTX’s order book right now.
- Note: Margin at max leverage$500 + $1,000HTX 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$98.79Long HTX: 24 payments, $0.00; short tradeXYZ: 24 payments, −$98.79.
- OK: Entry gap works for you+0.409% vs +0.156%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$1K vs $179K OIHTX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCHTX Limited · tradeXYZ NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0403%/8h × 21 periods+$84.68
Price spread+0.409% → +0.156% (7d avg)+$25.30
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee HTX bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: HTX: live order book, 8 min ago; tradeXYZ: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX81.17doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ126.20190.7 bp−$191doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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