Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%
Price spread now: Phemex against OKX+0.184%7-day average +0.145% · 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−$367as in the Price arb table
costs, in and out, $10k−$3713.709% of the position
Funding, last 1 day (all we have)−0.022%−$2 on $10k
+Price spread, last 18 hours (all we have)−0.288%−$29 · spread now +0.184%, 7d avg +0.145%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HUT-USDT-SWAP | 103.30 | 0 | get 0.0000% / 8h | 6h 13m | $41K | $1.1M | 20x |
| Short | Phemex HUTUSDT | 103.49 | 0 | get 0.0000% / 8h | 6h 13m | $104K | $123K | 10x |
OKX HUT-USDT-SWAP
Phemex HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.184% → +0.145%
- $3.87
- Slippage, 4 orders
- −$348.94
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$367.06
- Costs to cover
- 3.709%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Phemex: 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, 3 min ago | 26.07 bp | 118.4 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 54 min ago | 15.37 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
HUT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HUTUSDT | 0.0000% | 8h | 103.50 | +0.194% | $21K | $89K | 25x | as long as short |
| OKX HUT-USDT-SWAPlong | 0.0000% | 8h | 103.30 | long leg | $41K | $1.1M | 20x | |
| QFEX HUT-USD | 0.0000% | 1h | 103.40 | +0.097% | $1.9M | $1.4M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 103.54 | +0.232% | $25K | $28K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.36 | +0.058% | $58K | $142K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.74 | +0.426% | — | $166.2M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 103.69 | +0.378% | $2K | $347K | 20x | as long as short |
| Phemex HUTUSDTshort | 0.0000% | 8h | 103.49 | +0.184% | $104K | $123K | 10x | |
| Binance HUTUSDT | +0.0122% | 8h | 103.75 | +0.436% | $179K | $1.6M | 20x | as long as short |
Bybit HUTUSDT
QFEX HUT-USD
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Binance HUTUSDT