Funding you earn now, next payment 04:00 UTC+0.0988%/8h= +108.2% APRpaid last 24h +0.088%
Price spread now: tradeXYZ against Phemex+0.037%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1131.131% of the position
Funding, last 7 days+0.776%+$78 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.037%, 7d avg −0.083%
=Together, before fees+0.716%+ Points / potential airdroptradeXYZ: Active · farm board+$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and tradeXYZ is 0.120% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYUNDAIUSDT | 269.46 | 0 | get 0.0000% / 8h | 4h 58m | $2.3M | $103K | 10x |
| Short | tradeXYZ xyz:HYUNDAI | 269.56 | 0.0988 | get 0.0123% / 1h | 58m 56s | $977K | $1.3M | 10x |
Phemex HYUNDAIUSDT
tradeXYZ xyz:HYUNDAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $207.47
- Price spread: +0.037% → −0.083%
- $12
- Slippage, 4 orders
- −$83.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $106.36
- Costs to cover
- 1.131%
- Break-even
- 3.4 days
Slippage from Phemex: live order book, 5 min ago; tradeXYZ: live order book, 8 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, 5 min ago | 2.97 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 1.66 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
HYUNDAI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYUNDAIUSDT | 0.0000% | 4h | 268.94 | −0.192% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 269.46 | 0.000% | $1.8M | $1.4M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 269.70 | +0.089% | $859K | $853K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 269.65 | +0.071% | $824K | $556K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 269.49 | +0.011% | $1K | $715K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 269.77 | +0.115% | $8K | $29K | 20x | as long as short |
| Phemex HYUNDAIUSDTlong | 0.0000% | 8h | 269.46 | long leg | $2.3M | $103K | 10x | |
| OKX HYUNDAI-USDT-SWAP | +0.0049% | 8h | 269.95 | +0.182% | $133K | $114K | 25x | as long as short |
| Bybit HYUNDAIUSDT | +0.0146% | 8h | 269.81 | +0.130% | $154K | $69K | 25x | as long as short |
| GRVT HYUNDAI_USDT_Perp | +0.0262% | 4h | 269.64 | +0.069% | $3K | $136K | 10x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
OKX HYUNDAI-USDT-SWAP
Bybit HYUNDAIUSDT
GRVT HYUNDAI_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYUNDAIUSDTM | +0.0270% | 4h | 269.70 | +0.089% | $511K | $1.2M | 20x | as long as short |
| tradeXYZ xyz:HYUNDAIshort | +0.0988% | 1h | 269.56 | +0.037% | $977K | $1.3M | 10x |
KuCoin HYUNDAIUSDTM