Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h —

Price spread now: BloFin against QFEX+1.144%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 20 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 1.144% dearer against QFEX than usual: you sell high and buy low: +$114 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HUT-USD	103.15	0	get 0.0000% / 1h	48m 32s	$1.9M	$1.3M	10x
Short	BloFin HUT-USDT	104.33	0.0352	get 0.0352% / 8h	3h 48m	$46K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +1.144%Rate

Funding earned: $73.93
Price spread: +1.144% → 0.000%: $114.4
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $166.33
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: QFEX: live order book, 3 min ago; BloFin: no order-book sample. 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 QFEX live order book, 3 min ago	3.37 bp	69.5 bp −$69	71.3 bp −$713	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	103.84	+0.669%	$19K	$92K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.92	+0.746%	$39K	$1.1M	20x	as long as short
QFEX HUT-USDlong	0.0000%	1h	103.15	long leg	$1.9M	$1.3M	10x
Gate HUT_USDT	0.0000%	8h	103.82	+0.650%	$25K	$29K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.58	+0.417%	$56K	$152K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.51	+0.349%	—	$165.0M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	103.71	+0.543%	$2K	$351K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.72	+0.553%	$106K	$127K	10x	as long as short
BloFin HUT-USDTshort	+0.0352%	8h	104.33	+1.144%	$46K	$29K	20x
Binance HUTUSDT	+0.0390%	8h	103.62	+0.452%	$192K	$1.6M	20x	as long as short