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: Gate against OKX+0.032%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3373.365% of the position

Long on OKX Short on Gate

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)−0.082%−$8 · spread now +0.032%, 7d avg −0.021%

Together, before fees−0.082%−$8 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: Gate is 0.053% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HPE-USDT-SWAP	61.540	0	get 0.0000% / 8h	2h 51m	$203K	$371K	20x
Short	Gate HPE_USDT	61.560	0	get 0.0000% / 8h	2h 51m	$159K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.021%: $5.33
Slippage, 4 orders: −$311.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$331.22
Costs to cover: 3.365%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Gate: live order book, 54 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, 59 min ago	6.47 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	14.55 bp	248.9 bp −$249	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	61.560	+0.033%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.590	+0.081%	$467K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.560	+0.032%	$319K	$193K	25x	as long as short
OKX HPE-USDT-SWAPlong	0.0000%	8h	61.540	long leg	$203K	$371K	20x
Gate HPE_USDTshort	0.0000%	8h	61.560	+0.032%	$159K	$36K	20x
Bitget HPEUSDT	0.0000%	8h	61.550	+0.016%	$952K	$358K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.534	−0.009%	$36K	$258K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.530	−0.016%	$739	$288K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.540	0.000%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0363%	8h	61.620	+0.130%	$229K	$432K	20x	as long as short