Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.82 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget+0.215%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2222.220% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.304%−$30 · spread now +0.215%, 7d avg +0.136%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.079% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HUTUSDT | 102.32 | −0.0082 | get 0.0082% / 8h | 58m 14s | $54K | $143K | 20x |
| Short | Phemex HUTUSDT | 102.54 | 0 | get 0.0000% / 8h | 58m 14s | $112K | $125K | 10x |
Bitget HUTUSDT
Phemex HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $17.22
- Price spread: +0.215% → +0.136%
- $7.92
- Slippage, 4 orders
- −$197.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$196.81
- Costs to cover
- 2.220%
- Break-even
- 87.0 days
Slippage from Bitget: live order book, 36 min ago; Phemex: live order book, 44 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 Bitget live order book, 36 min ago | 21.02 bp | 28.4 bp −$28 | 34.1 bp −$341 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 44 min ago | 15.64 bp | 77.3 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
HUT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget HUTUSDTlong | −0.0082% | 8h | 102.32 | long leg | $54K | $143K | 20x | |
| Bybit HUTUSDT | 0.0000% | 8h | 102.33 | +0.010% | $22K | $101K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 102.33 | +0.010% | $37K | $1.1M | 20x | as long as short |
| QFEX HUT-USD | 0.0000% | 1h | 102.31 | −0.010% | $1.9M | $1.3M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 102.80 | +0.469% | $25K | $29K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 102.36 | +0.039% | — | $163.2M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 102.74 | +0.410% | $2K | $349K | 20x | as long as short |
| Phemex HUTUSDTshort | 0.0000% | 8h | 102.54 | +0.215% | $112K | $125K | 10x | |
| Binance HUTUSDT | +0.0232% | 8h | 102.61 | +0.283% | $191K | $1.6M | 20x | as long as short |
| BloFin HUT-USDT | +0.0251% | 8h | 102.72 | +0.391% | $46K | $29K | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
QFEX HUT-USD
Gate HUT_USDT
SunX HUT-USDT
HTX HUT-USDT
Binance HUTUSDT
BloFin HUT-USDT