Funding you earn now, next payment 04:00 UTC−0.0187%/8h= −20.5% APRnext payment −$0.94 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against SunX−0.119%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.119%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.106% cheaper against SunX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 per $10,000. 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 | SunX USOIL-USDT | 92.540 | 0 | get 0.0000% / 4h | 3h 25m | $4K | $2.6M | 20x |
| Short | HTX USOIL-USDT | 92.430 | −0.0187 | pay 0.0094% / 4h | 3h 25m | $1.7M | $3.6M | 75x |
SunX USOIL-USDT
HTX USOIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against SunX. 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
- −$39.32
- Price spread: −0.119% → −0.013%
- −$10.6
- Slippage, 4 orders
- −$71.16
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$141.07
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from SunX: live order book, 2 min ago; HTX: live order book, 4 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 SunX live order book, 2 min ago | 20.55 bp | 27.0 bp −$27 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell HTX live order book, 4 min ago | 0.54 bp | 23.4 bp −$23 | 32.5 bp −$325 | doesn't fit | doesn't fit |
USOIL on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC USOIL_USDT | −0.0270% | 4h | 92.570 | +0.032% | $64.7M | $63.9M | 200x | as long as short |
| HTX USOIL-USDTshort | −0.0187% | 4h | 92.430 | −0.119% | $1.7M | $3.6M | 75x | |
| SunX USOIL-USDTlong | 0.0000% | 4h | 92.540 | long leg | $4K | $2.6M | 20x |
MEXC USOIL_USDT