Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG55.965+0.0010pay 0.0001% / 1h16m 19s$1.2M—10xLong QFEX37% off
SHORT56.14500.0000% / 8h16m 19s$592K$43K10xShort Phemex
Price gap+0.322%
Funding gap−0.0010% /8h

The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 48 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$1−0.0010% /8h now · paid +0.006% over the last 7D
Price+$14spread +0.322% now, avg +0.181% → +0.140% if it goes back
Costs−$2002.001% of $10k · taker + slippage, in and out
Result−$185−1.85%no points

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.322%
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

HUT on 13 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size38.2 / 64.8 bp
    At $10k entering Phemex costs 64.8 bp, fee and slippage, 1.7× QFEX’s.
  • Note: Margin at max leverage$1,000 + $1,000
    QFEX 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.30Long QFEX: 24 payments, −$0.30; short Phemex: 3 payments, $0.00.
  • OK: Entry gap works for you+0.322% vs +0.181%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$592K vs $1.2M OI
    Phemex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCQFEX No · Phemex Yes
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0003%/8h × 21 periods+$0.55
Price spread+0.322% → +0.181% (7d avg)+$14.03
Slippage, 4 orderslive order books−$168.07
Fee QFEX bp × 2 orders−$20.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$185.49
Costs to cover2.001%Break-even2359.2 days
Slippage: QFEX: live order book, 10 min ago; Phemex: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGQFEX28.2238.2 bp−$3839.2 bp−$392doesn’t fitdoesn’t fit
SELL · SHORTPhemex11.6464.8 bp−$65doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

HUT news

posts that mention HUT or Hut 8, from every exchange
10-09 08:00HTXListingDid you know @HTXFutures now offers 100+ TradFi futures? New additions: $HUT and $AMC perpetual futures, now live with up to 20x leverage. What should be listed next? @HTX_Global on X ↗
09-22 13:38PhemexListingSeven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗
09-21 10:00BloFinListingnew market HUT-USDT ($HUT) seen by our collector
09-21 09:45BybitListingnew market HUTUSDT ($HUT) seen by our collector
09-21 09:41BloFinListingBloFin Futures will list the $TEAM-USDT, $HUT-USDT, and $OKLO-USDT Perpetual Contracts 🔥 Trade to take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗
09-21 09:30HTXListingNew TradFi perp are listed! 🚀 Trade the following on @HTXFutures: 🔹 UiPath (PATH) 🔹 Cypherpunk Tech (CYPH) 🔹 Axe Compute (AGPU) 🔹 Hut 8 (HUT) 🔹 AMC Entertainment (AMC) Available 24/7, up to 20x leverage. Know More: @HTX_Global on X ↗