HUT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0390%/8h= −42.7% APRnext payment −$3.90 per $10,000 · paid last 24h −0.058%

Price spread now: Bitget against Binance−0.095%7-day average −0.219% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$2022.015% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now −0.095%, 7d avg −0.219%

Together, before fees−0.516%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.124% dearer against Binance than usual: you sell high and buy low (spread −0.095% now, against its 7-day average of −0.219%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 4 days (−0.130% in total) that is about 3.7 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.130% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUTUSDT	103.68	0.0390	pay 0.0390% / 8h	3h 47m	$192K	$1.6M	20x
Short	Bitget HUTUSDT	103.58	0	get 0.0000% / 8h	3h 47m	$56K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$81.88
Price spread: −0.095% → −0.219%: $12.41
Slippage, 4 orders: −$179.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$271
Costs to cover: 2.015%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 62 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 Binance live order book, 15 min ago	14.89 bp	58.9 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 62 min ago	25.02 bp	33.0 bp −$33	49.0 bp −$490	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	103.83	+0.147%	$19K	$92K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.92	+0.233%	$39K	$1.1M	20x	as long as short
QFEX HUT-USD	0.0000%	1h	103.15	−0.509%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	103.82	+0.137%	$25K	$29K	20x	as long as short
Bitget HUTUSDTshort	0.0000%	8h	103.58	−0.095%	$56K	$152K	20x
SunX HUT-USDT	0.0000%	8h	103.52	−0.152%	—	$165.0M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	103.67	−0.008%	$2K	$350K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.69	+0.012%	$107K	$128K	10x	as long as short
BloFin HUT-USDT	+0.0352%	8h	104.33	+0.629%	$46K	$29K	20x	as long as short
Binance HUTUSDTlong	+0.0390%	8h	103.68	long leg	$192K	$1.6M	20x