Funding arb · Price arb /

HPE

RWAall HPE markets

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: Bybit against SunX+0.065%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 SunX Short on Bybit

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)−0.171%−$17 · spread now +0.065%, 7d avg +0.037%

Together, before fees−0.171%−$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: Bybit 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 +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HPE-USDT	61.510	0	get 0.0000% / 8h	2h 55m	$739	$288K	10x
Short	Bybit HPEUSDT	61.550	0	get 0.0000% / 8h	2h 55m	$319K	$193K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.037%: $2.82
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 16 min ago; Bybit: live order book, 49 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, 16 min ago	500.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	8.90 bp	64.5 bp −$65	201.8 bp −$2,018	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	61.538	+0.046%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.561	+0.082%	$467K	$4.5M	20x	as long as short
Bybit HPEUSDTshort	0.0000%	8h	61.550	+0.065%	$319K	$193K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.470	−0.065%	$202K	$370K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.530	+0.033%	$159K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.530	+0.033%	$952K	$358K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.534	+0.039%	$36K	$258K	—	as long as short
SunX HPE-USDTlong	0.0000%	8h	61.510	long leg	$739	$288K	10x
HTX HPE-USDT	0.0000%	8h	61.500	−0.016%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0366%	8h	61.610	+0.163%	$229K	$432K	20x	as long as short