Funding you earn now, next payment 16:00 UTC−0.0435%/8h= −47.7% APRnext payment −$4.35 per $10,000 · paid last 24h −0.084%
Price spread now: Phemex against BloFin−0.197%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.197% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HUT-USDT | 101.56 | 0.0435 | pay 0.0435% / 8h | 7h 20m | $46K | $29K | 20x |
| Short | Phemex HUTUSDT | 101.36 | 0 | get 0.0000% / 8h | 7h 20m | $118K | $134K | 10x |
BloFin HUT-USDT
Phemex HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$91.45
- Price spread: −0.197% → 0.000%
- −$19.69
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.14
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Phemex: live order book, 12 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 12 min ago | 13.78 bp | 66.6 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HUTUSDT | 0.0000% | 8h | 101.99 | +0.423% | $18K | $109K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 101.09 | −0.463% | $37K | $1.1M | 20x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 101.41 | −0.148% | $24K | $30K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 101.27 | −0.286% | $53K | $137K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 102.16 | +0.591% | — | $161.8M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 101.26 | −0.295% | $2K | $349K | 20x | as long as short |
| Phemex HUTUSDTshort | 0.0000% | 8h | 101.36 | −0.197% | $118K | $134K | 10x | |
| QFEX HUT-USD | +0.0018% | 1h | 101.05 | −0.502% | $1.8M | $1.2M | 10x | as long as short |
| Binance HUTUSDT | +0.0409% | 8h | 101.62 | +0.057% | $195K | $1.7M | 20x | as long as short |
| BloFin HUT-USDTlong | +0.0435% | 8h | 101.56 | long leg | $46K | $29K | 20x |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
QFEX HUT-USD
Binance HUTUSDT