Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.368%7-day average −0.231% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)0.000%$0 on $10k

Price spread, last 2 days (all we have)−0.755%−$76 · spread now +0.368%, 7d avg −0.231%

Together, before fees−0.755%−$76 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: Bitget is 0.599% dearer against SunX than usual: you sell high and buy low, +$60 on $10k if it goes back to its 7-day average of −0.231%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HUT-USDT	103.26	0	get 0.0000% / 8h	2h 29m	—	$172.1M	10x
Short	Bitget HUTUSDT	103.64	0	get 0.0000% / 8h	2h 29m	$56K	$175K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.368%Rate

Funding earned: $0
Price spread: +0.368% → −0.231%: $59.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $39.95
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Bitget: live order book, 53 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 SunX live order book, 9 min ago	70.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 53 min ago	41.05 bp	79.1 bp −$79	125.7 bp −$1,257	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	103.82	+0.544%	$172K	$1.7M	20x	as long as short
Bybit HUTUSDT	0.0000%	8h	103.79	+0.513%	$18K	$77K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.81	+0.533%	$42K	$1.1M	20x	as long as short
Gate HUT_USDT	0.0000%	8h	103.80	+0.523%	$25K	$27K	20x	as long as short
Bitget HUTUSDTshort	0.0000%	8h	103.64	+0.368%	$56K	$175K	20x
SunX HUT-USDTlong	0.0000%	8h	103.26	long leg	—	$172.1M	10x
HTX HUT-USDT	0.0000%	8h	103.76	+0.484%	$2K	$349K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.64	+0.368%	$101K	$134K	10x	as long as short
QFEX HUT-USD	+0.0013%	1h	104.00	+0.717%	$1.9M	$1.5M	10x	as long as short
BloFin HUT-USDT	+0.0021%	8h	103.79	+0.513%	$46K	$27K	20x	as long as short