Funding arb · Price arb /

HUT

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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 +0.022%

Price spread now: OKX against Bitget−0.096%7-day average +0.011% · you buy dearer than you sell

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

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.022%+$2 on $10k

Price spread, last 1 day (all we have)+0.475%+$48 · spread now −0.096%, 7d avg +0.011%

Together, before fees+0.498%+$50 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 0.107% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUTUSDT	103.93	0	get 0.0000% / 8h	3h 52m	$56K	$150K	20x
Short	OKX HUT-USDT-SWAP	103.83	0	get 0.0000% / 8h	3h 52m	$39K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → +0.011%: −$10.73
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 57 min ago; OKX: live order book, 4 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 Bitget live order book, 57 min ago	25.02 bp	56.1 bp −$56	59.7 bp −$597	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.48 bp	140.3 bp −$140	doesn't fit	doesn't fit	doesn't fit

HUT 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
Bybit HUTUSDT	0.0000%	8h	103.74	−0.183%	$19K	$91K	25x	as long as short
OKX HUT-USDT-SWAPshort	0.0000%	8h	103.83	−0.096%	$39K	$1.1M	20x
QFEX HUT-USD	0.0000%	1h	103.83	−0.096%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	104.09	+0.154%	$26K	$28K	20x	as long as short
Bitget HUTUSDTlong	0.0000%	8h	103.93	long leg	$56K	$150K	20x
SunX HUT-USDT	0.0000%	8h	104.05	+0.115%	—	$165.0M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	104.31	+0.366%	$2K	$351K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	104.23	+0.289%	$107K	$127K	10x	as long as short
BloFin HUT-USDT	+0.0319%	8h	104.33	+0.385%	$46K	$29K	20x	as long as short
Binance HUTUSDT	+0.0332%	8h	104.19	+0.248%	$179K	$1.6M	20x	as long as short