Funding arb · Price arb /

HPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.033%7-day average +0.005% · you sell dearer than you buy

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

Long on SunX Short on Bitget

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)−0.019%−$2 · spread now +0.033%, 7d avg +0.005%

Together, before fees−0.019%−$2 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: Bitget is 0.028% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HPE-USDT	61.420	0	get 0.0000% / 8h	7h 57m	$648	$279K	10x
Short	Bitget HPEUSDT	61.440	0	get 0.0000% / 8h	7h 57m	$952K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.005%: $2.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.21
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 53 min ago; Bitget: live order book, 39 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 SunX live order book, 53 min ago	500.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 39 min ago	11.38 bp	43.4 bp −$43	59.8 bp −$598	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	61.562	+0.231%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.520	+0.163%	$458K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.570	+0.244%	$319K	$188K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.350	−0.114%	$205K	$375K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.500	+0.130%	$159K	$33K	20x	as long as short
Bitget HPEUSDTshort	0.0000%	8h	61.440	+0.033%	$952K	$352K	20x
Variational Omni HPE	0.0000%	8h	61.517	+0.157%	$31K	$272K	—	as long as short
SunX HPE-USDTlong	0.0000%	8h	61.420	long leg	$648	$279K	10x
HTX HPE-USDT	0.0000%	8h	61.580	+0.261%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0440%	8h	61.610	+0.309%	$227K	$401K	20x	as long as short