Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: SunX against QFEX+0.135%7-day average +0.277% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)−0.001%$0 on $10k

Price spread, last 2 days (all we have)+0.479%+$48 · spread now +0.135%, 7d avg +0.277%

Together, before fees+0.479%+$48 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 0.142% cheaper against QFEX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.277%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HUT-USD	103.91	0	get 0.0000% / 1h	7m 05s	$1.9M	$1.6M	10x
Short	SunX HUT-USDT	104.05	0	get 0.0000% / 8h	1h 07m	—	$171.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.277%: −$14.22
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 10 min ago; SunX: live order book, 12 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, 10 min ago	77.62 bp	109.3 bp −$109	110.1 bp −$1,101	119.8 bp −$12.0K	doesn't fit
Sell SunX live order book, 12 min ago	72.76 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
Binance HUTUSDT	0.0000%	8h	103.83	−0.077%	$171K	$1.7M	20x	as long as short
Bybit HUTUSDT	0.0000%	8h	103.54	−0.356%	$18K	$82K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.74	−0.164%	$42K	$1.1M	20x	as long as short
QFEX HUT-USDlong	0.0000%	1h	103.91	long leg	$1.9M	$1.6M	10x
Gate HUT_USDT	0.0000%	8h	103.94	+0.029%	$25K	$27K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.79	−0.115%	$55K	$165K	20x	as long as short
SunX HUT-USDTshort	0.0000%	8h	104.05	+0.135%	—	$171.2M	10x
HTX HUT-USDT	0.0000%	8h	103.92	+0.010%	$260	$350K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.85	−0.058%	$103K	$133K	10x	as long as short
BloFin HUT-USDT	+0.0018%	8h	104.09	+0.173%	—	$27K	20x	as long as short