Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Phemex+0.176%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−$135as in the Price arb table
costs, in and out, $10k−$1661.665% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.085%−$8 · spread now +0.176%, 7d avg −0.136%
=The price spread pays, funding is against you. Bitget is 0.312% dearer against Phemex than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of −0.136%): +$31 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HUTUSDT | 102.53 | 0 | get 0.0000% / 8h | 3m 40s | $116K | $132K | 10x |
| Short | Bitget HUTUSDT | 102.71 | −0.0010 | pay 0.0010% / 8h | 3m 40s | $54K | $136K | 20x |
Phemex HUTUSDT
Bitget HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- −$2.1
- Price spread: +0.176% → −0.136%
- $31.2
- Slippage, 4 orders
- −$142.45
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$137.35
- Costs to cover
- 1.665%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 34 min ago; Bitget: live order book, 26 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 Phemex live order book, 34 min ago | 8.73 bp | 41.1 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 26 min ago | 31.66 bp | 40.4 bp −$40 | 63.5 bp −$635 | 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 HUTUSDTshort | −0.0010% | 8h | 102.71 | +0.176% | $54K | $136K | 20x | |
| Bybit HUTUSDT | 0.0000% | 8h | 102.35 | −0.176% | $17K | $104K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 102.31 | −0.215% | $37K | $1.1M | 20x | as long as short |
| QFEX HUT-USD | 0.0000% | 1h | 101.64 | −0.868% | $1.8M | $1.2M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 102.51 | −0.020% | $25K | $29K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 102.36 | −0.166% | — | $162.6M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 102.70 | +0.166% | $1K | $349K | 20x | as long as short |
| Phemex HUTUSDTlong | 0.0000% | 8h | 102.53 | long leg | $116K | $132K | 10x | |
| BloFin HUT-USDT | +0.0339% | 8h | 102.70 | +0.166% | $46K | $29K | 20x | as long as short |
| Binance HUTUSDT | +0.0355% | 8h | 102.43 | −0.098% | $182K | $1.7M | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
QFEX HUT-USD
Gate HUT_USDT
SunX HUT-USDT
HTX HUT-USDT
BloFin HUT-USDT
Binance HUTUSDT