Funding arb · Price arb / RWA

HUT

RWAAll HUT markets →

LONGMEXC▾Bybit 0.0000%Gate 0.0000%Bitget 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%TxFlow +0.0100%BingX +0.0672%Binance +0.0685%MEXC +0.0687%BloFin +0.0704%OKX +0.0710%

⇄⇅

SHORTQFEX▾OKX +0.0710%BloFin +0.0704%Binance +0.0685%BingX +0.0672%TxFlow +0.0100%Bybit 0.0000%QFEX 0.0000%Gate 0.0000%Bitget 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCHUTSTOCK_USDT	59.700	+0.0687	pay 0.0687% / 8h	11m 46s	$44K	$103K	20x	Long MEXC
SHORT	QFEXHUT-USD	59.420	0	0.0000% / 1h	11m 46s	$1.5M	$41K	10x	Short QFEX10% back

Price gap−0.469%

Funding gap−0.0687% /8h

Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.403% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.058% in total, about −0.0028%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.469%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

MEXCQFEX

HUT on 13 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

• !
  Watch: Thin at this size126.0 / 66.8 bp

  At $10k entering MEXC costs 126.0 bp, fee and slippage, 1.9× QFEX’s.
• i
  Note: Margin at max leverage$500 + $1,000

  MEXC 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long MEXC · 8h−$20.61

  Short QFEX · 1h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$20.61Long MEXC: 3 payments, −$20.61; short QFEX: 24 payments, $0.00.
• !
  Watch: Gap narrower than usual−0.469% vs −0.066%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$44K vs $1.5M OI

  MEXC sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCMEXC Yes · QFEX No

  KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0028%/8h × 21 periods−$5.83

Price spread−0.469% → −0.066% (7d avg)−$40.29

Slippage, 4 orderslive order books−$320.79

Fee MEXC bp × 2 orders−$4.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$390.90

Costs to cover3.448%Break-evennever at this rate

Slippage: MEXC: live order book, 2 min ago; QFEX: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGMEXC11.72126.0 bp−$126205.8 bp−$2,058236.2 bp−$23.6Kdoesn’t fit

SELL · SHORTQFEX3.3766.8 bp−$6770.0 bp−$700doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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FundingPrice spread

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HUT news

posts that mention HUT or Hut 8, from every exchangeSearch all news →

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09-22 13:38	Phemex	Listing	Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗
09-21 10:00	BloFin	Listing	new market HUT-USDT ($HUT) seen by our collector
09-21 09:45	Bybit	Listing	new market HUTUSDT ($HUT) seen by our collector
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