Funding arb · Price arb /

HYUNDAI

RWAall HYUNDAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.073%

Price spread now: OKX against SunX+0.052%57s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2232.230% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.052%, 7d avg +0.034%

Together, before fees+0.456%+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 57 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	SunX HYUNDAI-USDT	268.72	0	get 0.0000% / 4h	33m 28s	$1K	$717K	10x
Short	OKX HYUNDAI-USDT-SWAP	268.86	0.0086	get 0.0086% / 8h	4h 33m	$132K	$122K	25x

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 +0.052%Rate

Funding earned: $18.03
Price spread: +0.052% → +0.034%: $1.81
Slippage, 4 orders: −$205.01
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$203.17
Costs to cover: 2.230%
Break-even: 85.9 days

Slippage from SunX: live order book, 58 min ago; OKX: live order book, 21 min ago.

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, 58 min ago	47.04 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	2.97 bp	70.9 bp −$71	doesn't fit	doesn't fit	doesn't fit

HYUNDAI on 12 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
Aster HYUNDAIUSDT	0.0000%	4h	268.62	−0.038%	$10K	$1K	20x	as long as short
Binance HYUNDAIUSDT	0.0000%	4h	268.69	−0.011%	$1.8M	$1.5M	25x	as long as short
Gate HYUNDAI_USDT	0.0000%	4h	268.90	+0.067%	$865K	$874K	25x	as long as short
Bitget HYUNDAIUSDT	0.0000%	4h	268.90	+0.067%	$827K	$623K	20x	as long as short
SunX HYUNDAI-USDTlong	0.0000%	4h	268.72	long leg	$1K	$717K	10x
HTX HYUNDAI-USDT	0.0000%	4h	268.95	+0.086%	$7K	$31K	20x	as long as short
Phemex HYUNDAIUSDT	0.0000%	8h	268.69	−0.011%	$2.3M	$107K	10x	as long as short
OKX HYUNDAI-USDT-SWAPshort	+0.0086%	8h	268.86	+0.052%	$132K	$122K	25x
Bybit HYUNDAIUSDT	+0.0149%	8h	268.84	+0.045%	$151K	$73K	25x	as long as short
KuCoin HYUNDAIUSDTM	+0.0244%	4h	268.50	−0.082%	$354K	$1.3M	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HYUNDAI_USDT_Perp	+0.0270%	4h	268.70	−0.007%	$2K	$137K	10x	as long as short
tradeXYZ xyz:HYUNDAI	+0.0644%	1h	268.92	+0.074%	$958K	$1.4M	10x	as long as short