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: OKX against SunX+0.049%7-day average +0.074% · you sell dearer than you buy

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

Long on SunX Short on OKX

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)−0.263%−$26 · spread now +0.049%, 7d avg +0.074%

Together, before fees−0.263%−$26 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 0.025% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HPE-USDT	61.320	0	get 0.0000% / 8h	7h 43m	$738	$260K	10x
Short	OKX HPE-USDT-SWAP	61.350	0	get 0.0000% / 8h	7h 43m	$206K	$366K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.074%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 67 min ago; OKX: live order book, 52 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, 67 min ago	500.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 52 min ago	10.57 bp	24.7 bp −$25	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	61.342	+0.036%	$827	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.299	−0.035%	$455K	$4.4M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.340	+0.033%	$318K	$184K	25x	as long as short
OKX HPE-USDT-SWAPshort	0.0000%	8h	61.350	+0.049%	$206K	$366K	20x
Gate HPE_USDT	0.0000%	8h	61.350	+0.049%	$159K	$33K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.380	+0.098%	$951K	$351K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.325	+0.008%	$31K	$270K	—	as long as short
SunX HPE-USDTlong	0.0000%	8h	61.320	long leg	$738	$260K	10x
HTX HPE-USDT	0.0000%	8h	61.280	−0.065%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0389%	8h	61.410	+0.147%	$226K	$402K	20x	as long as short