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: SunX against OKX+0.825%7-day average +0.230% · you sell dearer than you buy

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

Long on OKX Short on SunX

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 1 day (all we have)−0.887%−$89 · spread now +0.825%, 7d avg +0.230%

Together, before fees−0.910%−$91 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 0.596% dearer against OKX than usual: you sell high and buy low, +$60 on $10k if it goes back to its 7-day average of +0.230%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HUT-USDT-SWAP	103.00	0	get 0.0000% / 8h	3h 05m	$38K	$1.1M	20x
Short	SunX HUT-USDT	103.85	0	get 0.0000% / 8h	3h 05m	—	$162.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.825%Rate

Funding earned: $0
Price spread: +0.825% → +0.230%: $59.57
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $41.57
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; SunX: live order book, 4 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 OKX live order book, 1 min ago	0.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	900.61 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
Bybit HUTUSDT	0.0000%	8h	103.10	+0.097%	$18K	$94K	25x	as long as short
OKX HUT-USDT-SWAPlong	0.0000%	8h	103.00	long leg	$38K	$1.1M	20x
QFEX HUT-USD	0.0000%	1h	103.59	+0.573%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	103.18	+0.175%	$25K	$29K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.03	+0.029%	$55K	$152K	20x	as long as short
SunX HUT-USDTshort	0.0000%	8h	103.85	+0.825%	—	$162.9M	10x
HTX HUT-USDT	0.0000%	8h	103.16	+0.155%	$2K	$348K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.21	+0.204%	$107K	$128K	10x	as long as short
BloFin HUT-USDT	+0.0259%	8h	103.29	+0.282%	$46K	$29K	20x	as long as short
Binance HUTUSDT	+0.0282%	8h	103.13	+0.129%	$188K	$1.6M	20x	as long as short