Funding you earn now, next payment 22:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.034%
Price spread now: Gate against HTX−0.158%50s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.158%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.127% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPX500-USDT | 7,761.3 | 0.0050 | pay 0.0006% / 1h | 12m 27s | $502K | $222K | 30x |
| Short | Gate SPX500_USDT | 7,749.1 | −0.0200 | pay 0.0200% / 8h | 2h 12m | $1.7M | $136K | 100x |
HTX SPX500-USDT
Gate SPX500_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against HTX. 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
- −$52.5
- Price spread: −0.158% → −0.031%
- −$12.65
- Slippage, 4 orders
- −$60.6
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$152.75
- Costs to cover
- 0.876%
- Break-even
- never at this rate
Slippage from HTX: live order book, 11 min ago; Gate: 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 HTX live order book, 11 min ago | 4.38 bp | 10.4 bp −$10 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 8.92 bp | 39.5 bp −$39 | 201.6 bp −$2,016 | doesn't fit | doesn't fit |
SPX500 on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SPX500_USDC | −0.0232% | 8h | 7,760.2 | −0.014% | $361K | $104K | 20x | as long as short |
| Gate SPX500_USDTshort | −0.0200% | 8h | 7,749.1 | −0.158% | $1.7M | $136K | 100x | |
| MEXC SPX500_USDT | −0.0058% | 8h | 7,762.1 | +0.010% | $70.9M | $49.2M | 200x | as long as short |
| SunX SPX500-USDT | +0.0050% | 1h | 7,710.5 | −0.655% | $2K | $2.7M | 20x | as long as short |
| HTX SPX500-USDTlong | +0.0050% | 1h | 7,761.3 | long leg | $502K | $222K | 30x |
Orderly PERP_SPX500_USDC
MEXC SPX500_USDT
SunX SPX500-USDT