Funding arb · Price arb /

HUT

RWAall HUT markets

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 0.000%

Price spread now: HTX against Phemex−0.010%7-day average −0.039% · you buy dearer than you sell

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

Long on Phemex Short on HTX

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)−0.132%−$13 · spread now −0.010%, 7d avg −0.039%

Together, before fees−0.132%−$13 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: HTX is 0.029% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex HUTUSDT	103.37	0	get 0.0000% / 8h	3h 38m	$107K	$128K	10x
Short	HTX HUT-USDT	103.36	0	get 0.0000% / 8h	3h 38m	$2K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.039%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.1
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 14 min ago; HTX: live order book, 14 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 Phemex live order book, 14 min ago	1.92 bp	61.2 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 14 min ago	48.55 bp	254.6 bp −$255	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	102.97	−0.387%	$19K	$93K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.13	−0.232%	$38K	$1.1M	20x	as long as short
QFEX HUT-USD	0.0000%	1h	103.42	+0.048%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	103.38	+0.010%	$25K	$29K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.21	−0.155%	$56K	$152K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.63	+0.252%	—	$165.1M	10x	as long as short
HTX HUT-USDTshort	0.0000%	8h	103.36	−0.010%	$2K	$350K	20x
Phemex HUTUSDTlong	0.0000%	8h	103.37	long leg	$107K	$128K	10x
BloFin HUT-USDT	+0.0354%	8h	103.58	+0.203%	$46K	$29K	20x	as long as short
Binance HUTUSDT	+0.0360%	8h	103.28	−0.085%	$192K	$1.6M	20x	as long as short