Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h —
Price spread now: BloFin against Phemex+0.182%59s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 16 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.182% dearer against Phemex than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HUTUSDT | 104.20 | 0 | get 0.0000% / 8h | 14m 01s | $104K | $133K | 10x |
| Short | BloFin HUT-USDT | 104.39 | −0.0022 | pay 0.0022% / 8h | 14m 01s | $45K | $28K | 20x |
Phemex HUTUSDT
BloFin HUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$4.6
- Price spread: +0.182% → 0.000%
- $18.23
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.37
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 63 min ago; BloFin: no order-book sample. Net counts fees only.
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, 63 min ago | 15.39 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HUT-USDTshort | −0.0022% | 8h | 104.39 | +0.182% | $45K | $28K | 20x | |
| Binance HUTUSDT | 0.0000% | 8h | 104.23 | +0.029% | $171K | $1.7M | 20x | as long as short |
| Bybit HUTUSDT | 0.0000% | 8h | 103.89 | −0.298% | $22K | $86K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.64 | −0.537% | $41K | $1.1M | 20x | as long as short |
| QFEX HUT-USD | 0.0000% | 1h | 103.83 | −0.355% | $1.9M | $1.6M | 10x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 104.13 | −0.067% | $26K | $27K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.97 | −0.221% | $56K | $170K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 104.34 | +0.134% | — | $171.3M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 104.35 | +0.144% | $1K | $349K | 20x | as long as short |
| Phemex HUTUSDTlong | 0.0000% | 8h | 104.20 | long leg | $104K | $133K | 10x |
Binance HUTUSDT
Bybit HUTUSDT
OKX HUT-USDT-SWAP
QFEX HUT-USD
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT