Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: OKX against SunX−0.279%7-day average −0.307% · you buy dearer than you sell

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

Long on SunX 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 18 hours (all we have)+0.206%+$21 · spread now −0.279%, 7d avg −0.307%

Together, before fees+0.228%+$23 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 0.028% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.307%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HUT-USDT	103.92	0	get 0.0000% / 8h	7h 54m	—	$169.6M	10x
Short	OKX HUT-USDT-SWAP	103.63	0	get 0.0000% / 8h	7h 54m	$41K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.279%Rate

Funding earned: $0
Price spread: −0.279% → −0.307%: $2.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago	68.78 bp	106.1 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	11.08 bp	107.2 bp −$107	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	103.78	−0.135%	$21K	$87K	25x	as long as short
OKX HUT-USDT-SWAPshort	0.0000%	8h	103.63	−0.279%	$41K	$1.1M	20x
Gate HUT_USDT	0.0000%	8h	104.02	+0.096%	$26K	$27K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.55	−0.356%	$55K	$169K	20x	as long as short
SunX HUT-USDTlong	0.0000%	8h	103.92	long leg	—	$169.6M	10x
HTX HUT-USDT	0.0000%	8h	104.14	+0.212%	$916	$349K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.80	−0.115%	$104K	$132K	10x	as long as short
QFEX HUT-USD	0.0000%	1h	103.88	−0.038%	$1.9M	$1.6M	10x	as long as short
BloFin HUT-USDT	+0.0048%	8h	103.94	+0.019%	$45K	$28K	20x	as long as short
Binance HUTUSDT	+0.0068%	8h	104.13	+0.202%	$177K	$1.7M	20x	as long as short