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 0.000%

Price spread now: Bitget against HTX−0.298%7-day average −0.107% · you buy dearer than you sell

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

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.167%+$17 · spread now −0.298%, 7d avg −0.107%

Together, before fees+0.167%+$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: Bitget is 0.191% cheaper against HTX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HUT-USDT	103.94	0	get 0.0000% / 8h	4h 48m	$2K	$349K	20x
Short	Bitget HUTUSDT	103.63	0	get 0.0000% / 8h	4h 48m	$56K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.298%Rate

Funding earned: $0
Price spread: −0.298% → −0.107%: −$19.13
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.13
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 10 min ago; Bitget: live order book, 1 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 HTX live order book, 10 min ago	48.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	25.02 bp	33.0 bp −$33	49.0 bp −$490	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	103.66	−0.269%	$19K	$91K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.63	−0.298%	$40K	$1.1M	20x	as long as short
QFEX HUT-USD	0.0000%	1h	104.01	+0.067%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	103.62	−0.308%	$25K	$28K	20x	as long as short
Bitget HUTUSDTshort	0.0000%	8h	103.63	−0.298%	$56K	$150K	20x
SunX HUT-USDT	0.0000%	8h	103.69	−0.241%	—	$165.1M	10x	as long as short
HTX HUT-USDTlong	0.0000%	8h	103.94	long leg	$2K	$349K	20x
Phemex HUTUSDT	0.0000%	8h	103.85	−0.087%	$106K	$126K	10x	as long as short
BloFin HUT-USDT	+0.0292%	8h	104.01	+0.067%	$46K	$28K	20x	as long as short
Binance HUTUSDT	+0.0324%	8h	103.89	−0.048%	$180K	$1.6M	20x	as long as short