Funding you earn now, next payment 08:00 UTC+0.0317%/8h= +34.7% APRnext payment +$3.17 per $10,000 · paid last 24h +0.036%
Price spread now: Binance against OKX+0.092%7-day average +0.148% · 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−$767as in the Price arb table
costs, in and out, $10k−$7617.614% of the position
Funding, last 1 day (all we have)+0.036%+$4 on $10k
+Price spread, last 1 day (all we have)−0.280%−$28 · spread now +0.092%, 7d avg +0.148%
=Funding pays, the price is against you. Binance is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.148%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). At the pace of the last 1 day (+0.036% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid 0.036% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.17 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 | OKX HUT-USDT-SWAP | 103.03 | 0 | get 0.0000% / 8h | 3h 17m | $38K | $1.1M | 20x |
| Short | Binance HUTUSDT | 103.12 | 0.0317 | get 0.0317% / 8h | 3h 17m | $188K | $1.6M | 20x |
OKX HUT-USDT-SWAP
Binance HUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $66.54
- Price spread: +0.092% → +0.148%
- −$5.66
- Slippage, 4 orders
- −$741.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$700.56
- Costs to cover
- 7.614%
- Break-even
- 80.7 days
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 1 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 OKX live order book, 4 min ago | 14.05 bp | 478.6 bp −$479 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 12.11 bp | 58.0 bp −$58 | 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 | 102.94 | −0.087% | $18K | $94K | 25x | as long as short |
| OKX HUT-USDT-SWAPlong | 0.0000% | 8h | 103.03 | long leg | $38K | $1.1M | 20x | |
| QFEX HUT-USD | 0.0000% | 1h | 103.59 | +0.544% | $1.9M | $1.3M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 103.16 | +0.126% | $25K | $29K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.29 | +0.252% | $56K | $152K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.58 | +0.534% | — | $163.9M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 103.28 | +0.243% | $2K | $348K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 103.17 | +0.136% | $107K | $128K | 10x | as long as short |
| Binance HUTUSDTshort | +0.0317% | 8h | 103.12 | +0.092% | $188K | $1.6M | 20x | |
| BloFin HUT-USDT | +0.0336% | 8h | 103.09 | +0.058% | $46K | $29K | 20x | as long as short |
Bybit HUTUSDT
QFEX HUT-USD
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
BloFin HUT-USDT