Funding arb · Price arb /

HUT

RWAall HUT 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 −0.022%

Price spread now: SunX against OKX+0.329%47s7-day average +0.260% · you sell dearer than you buy

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

Long on OKX Short on SunX

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 18 hours (all we have)+0.033%+$3 · spread now +0.329%, 7d avg +0.260%

Together, before fees+0.011%+$1 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: SunX is 0.069% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.260%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HUT-USDT-SWAP	103.29	0	get 0.0000% / 8h	5h 04m	$40K	$1.1M	20x
Short	SunX HUT-USDT	103.63	0	get 0.0000% / 8h	5h 04m	—	$165.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.329%Rate

Funding earned: $0
Price spread: +0.329% → +0.260%: $6.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; SunX: live order book, 5 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 OKX live order book, 2 min ago	25.59 bp	109.6 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.91 bp	doesn't fit	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
QFEX HUT-USD	−0.0002%	1h	103.38	+0.087%	$1.9M	$1.4M	10x	as long as short
Bybit HUTUSDT	0.0000%	8h	103.51	+0.213%	$19K	$91K	25x	as long as short
OKX HUT-USDT-SWAPlong	0.0000%	8h	103.29	long leg	$40K	$1.1M	20x
Gate HUT_USDT	0.0000%	8h	103.61	+0.310%	$25K	$28K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.44	+0.145%	$56K	$150K	20x	as long as short
SunX HUT-USDTshort	0.0000%	8h	103.63	+0.329%	—	$165.2M	10x
HTX HUT-USDT	0.0000%	8h	103.93	+0.620%	$2K	$348K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.84	+0.532%	$106K	$126K	10x	as long as short
Binance HUTUSDT	+0.0180%	8h	103.88	+0.571%	$180K	$1.6M	20x	as long as short
BloFin HUT-USDT	+0.0189%	8h	103.68	+0.378%	$46K	$28K	20x	as long as short