Settings8H · net · $10k
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Funding arb · Price arb / Crypto

HNT

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotHNTUSDT
0.2967spotno funding——$478K1xBuy Bybit Spot
SHORT
BybitHNTUSDT
0.2968+0.0100get 0.0100% / 8h6h 04m$1.4M$1.2M20xShort Bybit
Price gap+0.017%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.096% above its 7d average: +$10 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0100% /8h now · paid +0.210% over the last 7D
Price+$10spread +0.017% now, avg −0.079% → +0.096% if it goes back
Costs−$3843.838% of $10k · taker + slippage, in and out
Result−$353−3.53%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.017%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HNT on 5 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size96.6 / 91.9 bp
    At $10k entering Bybit Spot costs 96.6 bp, fee and slippage, 1.1× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • OK: Entry gap works for you+0.017% vs −0.079%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.4M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0100%/8h × 21 periods+$21.00
Price spread+0.017% → −0.079% (7d avg)+$9.56
Slippage, 4 orderslive order books−$352.82
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$353.26
Costs to cover3.838%Break-even124.8 days
Slippage: Bybit Spot: live order book, 70 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot10.2396.6 bp−$97doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.6991.9 bp−$92693.7 bp−$6,937doesn’t fitdoesn’t fit

Closing costs about the same again.

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