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: OKX against Phemex−0.509%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$408as in the Price arb table
costs, in and out, $10k−$3713.714% of the position
Funding, last 1 day (all we have)+0.022%+$2 on $10k
+Price spread, last 1 day (all we have)+0.451%+$45 · spread now −0.509%, 7d avg −0.139%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.370% cheaper against Phemex than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HUTUSDT | 104.14 | 0 | get 0.0000% / 8h | 4h 11m | $107K | $127K | 10x |
| Short | OKX HUT-USDT-SWAP | 103.61 | 0 | get 0.0000% / 8h | 4h 11m | $39K | $1.1M | 20x |
Phemex HUTUSDT
OKX HUT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.509% → −0.139%
- −$36.99
- Slippage, 4 orders
- −$349.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$408.36
- Costs to cover
- 3.714%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 46 min ago; OKX: live order book, 5 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, 46 min ago | 8.18 bp | 43.9 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 15.43 bp | 67.9 bp −$68 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HUTUSDT | 0.0000% | 8h | 103.87 | −0.259% | $19K | $91K | 25x | as long as short |
| OKX HUT-USDT-SWAPshort | 0.0000% | 8h | 103.61 | −0.509% | $39K | $1.1M | 20x | |
| QFEX HUT-USD | 0.0000% | 1h | 104.37 | +0.221% | $1.9M | $1.3M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 103.98 | −0.154% | $25K | $28K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 104.10 | −0.038% | $56K | $150K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.80 | −0.326% | — | $165.1M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 104.31 | +0.163% | $2K | $350K | 20x | as long as short |
| Phemex HUTUSDTlong | 0.0000% | 8h | 104.14 | long leg | $107K | $127K | 10x | |
| Binance HUTUSDT | +0.0257% | 8h | 104.11 | −0.029% | $178K | $1.6M | 20x | as long as short |
| BloFin HUT-USDT | +0.0270% | 8h | 103.88 | −0.250% | $46K | $29K | 20x | as long as short |
Bybit HUTUSDT
QFEX HUT-USD
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Binance HUTUSDT
BloFin HUT-USDT