Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Phemex against QFEX+0.338%7-day average +0.221% · 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−$215as in the Price arb table
costs, in and out, $10k−$2272.268% of the position
Funding, last 2 days (all we have)−0.001%$0 on $10k
+Price spread, last 2 days (all we have)−0.616%−$62 · spread now +0.338%, 7d avg +0.221%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.118% dearer against QFEX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.221%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX HUT-USD | 103.47 | 0 | get 0.0000% / 1h | 56m 21s | $1.9M | $1.5M | 10x |
| Short | Phemex HUTUSDT | 103.82 | 0 | get 0.0000% / 8h | 6h 56m | $104K | $127K | 10x |
QFEX HUT-USD
Phemex HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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: +0.338% → +0.221%
- $11.77
- Slippage, 4 orders
- −$204.76
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$214.99
- Costs to cover
- 2.268%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 10 min ago; Phemex: live order book, 11 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 QFEX live order book, 10 min ago | 2.88 bp | 52.6 bp −$53 | 54.1 bp −$541 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 11 min ago | 15.37 bp | 68.6 bp −$69 | 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 | 103.65 | +0.174% | $22K | $88K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.54 | +0.068% | $41K | $1.1M | 20x | as long as short |
| QFEX HUT-USDlong | 0.0000% | 1h | 103.47 | long leg | $1.9M | $1.5M | 10x | |
| Gate HUT_USDT | 0.0000% | 8h | 103.86 | +0.377% | $25K | $27K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.57 | +0.097% | $55K | $158K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 104.08 | +0.590% | — | $165.8M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 103.99 | +0.503% | $986 | $348K | 20x | as long as short |
| Phemex HUTUSDTshort | 0.0000% | 8h | 103.82 | +0.338% | $104K | $127K | 10x | |
| Binance HUTUSDT | +0.0100% | 8h | 103.88 | +0.396% | $175K | $1.6M | 20x | as long as short |
| BloFin HUT-USDT | +0.0118% | 8h | 103.87 | +0.387% | $45K | $28K | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Binance HUTUSDT
BloFin HUT-USDT