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: SunX against Bybit+0.016%7-day average −0.037% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.016%, 7d avg −0.037%

Together, before fees+0.089%+$9 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: SunX is 0.053% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HPEUSDT	61.820	0	get 0.0000% / 8h	3h 47m	$321K	$186K	25x
Short	SunX HPE-USDT	61.830	0	get 0.0000% / 8h	3h 47m	$1K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.037%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.7
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 62 min ago; SunX: live order book, 33 min ago. 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 Bybit live order book, 62 min ago	10.49 bp	43.3 bp −$43	211.0 bp −$2,110	doesn't fit	doesn't fit
Sell SunX live order book, 33 min ago	500.89 bp	doesn't fit	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	61.815	−0.009%	$833	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.840	+0.032%	$471K	$4.5M	20x	as long as short
Bybit HPEUSDTlong	0.0000%	8h	61.820	long leg	$321K	$186K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.910	+0.146%	$204K	$372K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.880	+0.097%	$160K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.990	+0.275%	$959K	$361K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.969	+0.241%	$37K	$257K	—	as long as short
SunX HPE-USDTshort	0.0000%	8h	61.830	+0.016%	$1K	$289K	10x
HTX HPE-USDT	0.0000%	8h	61.820	0.000%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0314%	8h	61.910	+0.146%	$230K	$426K	20x	as long as short