Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: OKX against QFEX+0.357%54s7-day average +0.197% · you sell dearer than you buy

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

Long on QFEX 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)+0.061%+$6 · spread now +0.357%, 7d avg +0.197%

Together, before fees+0.083%+$8 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 0.161% dearer against QFEX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.197%. The two prices were read 54 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	QFEX HUT-USD	103.55	0	get 0.0000% / 1h	46m 46s	$1.9M	$1.3M	10x
Short	OKX HUT-USDT-SWAP	103.92	0	get 0.0000% / 8h	3h 46m	$39K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.357%Rate

Funding earned: $0
Price spread: +0.357% → +0.197%: $16.06
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; OKX: 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 QFEX live order book, 5 min ago	3.37 bp	69.5 bp −$69	71.3 bp −$713	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.87 bp	182.4 bp −$182	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	103.85	+0.290%	$19K	$92K	25x	as long as short
OKX HUT-USDT-SWAPshort	0.0000%	8h	103.92	+0.357%	$39K	$1.1M	20x
QFEX HUT-USDlong	0.0000%	1h	103.55	long leg	$1.9M	$1.3M	10x
Gate HUT_USDT	0.0000%	8h	103.78	+0.222%	$25K	$29K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.58	+0.029%	$56K	$152K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.52	−0.029%	—	$165.0M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	103.67	+0.116%	$2K	$350K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.68	+0.126%	$107K	$128K	10x	as long as short
BloFin HUT-USDT	+0.0361%	8h	104.33	+0.753%	$46K	$29K	20x	as long as short
Binance HUTUSDT	+0.0384%	8h	103.64	+0.086%	$192K	$1.6M	20x	as long as short