Funding arb · Price arb /

HPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.118%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.118%, 7d avg +0.026%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.093% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HPEUSDT	61.837	0	get 0.0000% / 8h	3h 48m	$471K	$4.5M	20x
Short	OKX HPE-USDT-SWAP	61.910	0	get 0.0000% / 8h	3h 48m	$204K	$372K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.026%: $9.25
Slippage, 4 orders: −$78.24
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.99
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; OKX: live order book, 2 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 Binance live order book, 4 min ago	0.81 bp	16.9 bp −$17	61.7 bp −$617	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	6.47 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit

HPE 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
Aster HPEUSDT	0.0000%	8h	61.803	−0.054%	$833	$146	20x	as long as short
Binance HPEUSDTlong	0.0000%	8h	61.837	long leg	$471K	$4.5M	20x
Bybit HPEUSDT	0.0000%	8h	61.800	−0.060%	$321K	$186K	25x	as long as short
OKX HPE-USDT-SWAPshort	0.0000%	8h	61.910	+0.118%	$204K	$372K	20x
Gate HPE_USDT	0.0000%	8h	61.880	+0.070%	$160K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	62.000	+0.264%	$959K	$361K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.969	+0.214%	$37K	$257K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.820	−0.027%	$1K	$289K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.930	+0.150%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0309%	8h	61.910	+0.118%	$230K	$426K	20x	as long as short