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Funding arb · Price arb /

HUT

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0349%/8h= +38.2% APRnext payment +$3.49 per $10,000 · paid last 24h +0.058%
Price spread now: Binance against SunX+0.266%7-day average −0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$2232.230% of the position
Long on SunXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)+0.058%+$6 on $10k
Price spread, last 2 days (all we have)−0.629%−$63 · spread now +0.266%, 7d avg −0.108%
Together, before fees−0.571%−$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.375% dearer against SunX than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.108%.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.058% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HUT-USDT102.360get 0.0000% / 8h5m 19s—$162.6M10x
ShortBinance HUTUSDT102.630.0349get 0.0349% / 8h5m 19s$182K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$73.24
Price spread: +0.266% → −0.108%
$37.47
Slippage, 4 orders
−$205.03
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$112.32
Costs to cover
2.230%
Break-even
17.7 days
Slippage from SunX: live order book, 4 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago31.71 bp64.1 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago15.59 bp54.3 bp −$54doesn't fitdoesn't fitdoesn't fit

HUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HUTUSDT−0.0013%8h102.71+0.342%$54K$138K20xas long as short
Bybit HUTUSDT0.0000%8h102.31−0.049%$17K$104K25xas long as short
OKX HUT-USDT-SWAP0.0000%8h102.31−0.049%$37K$1.1M20xas long as short
QFEX HUT-USD0.0000%1h102.33−0.029%$1.8M$1.2M10xas long as short
Gate HUT_USDT0.0000%8h102.55+0.186%$25K$29K20xas long as short
SunX HUT-USDTlong0.0000%8h102.36long leg—$162.6M10x
HTX HUT-USDT0.0000%8h102.80+0.430%$1K$349K20xas long as short
Phemex HUTUSDT0.0000%8h102.72+0.352%$116K$132K10xas long as short
BloFin HUT-USDT+0.0339%8h102.70+0.332%$46K$29K20xas long as short
Binance HUTUSDTshort+0.0349%8h102.63+0.266%$182K$1.7M20x