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 SunX+0.125%7-day average −0.135% · you sell dearer than you buy

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

Long on SunX 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)−0.202%−$20 · spread now +0.125%, 7d avg −0.135%

Together, before fees−0.202%−$20 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 0.260% dearer against SunX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HUT-USDT	103.87	0	get 0.0000% / 8h	7h 45m	—	$168.0M	10x
Short	HTX HUT-USDT	104.00	0	get 0.0000% / 8h	7h 45m	$985	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.135%: $26.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $6.05
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; HTX: live order book, 28 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 SunX live order book, 4 min ago	32.23 bp	68.1 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 28 min ago	42.29 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	103.87	0.000%	$22K	$87K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.62	−0.241%	$41K	$1.1M	20x	as long as short
Gate HUT_USDT	0.0000%	8h	103.88	+0.010%	$25K	$27K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.56	−0.298%	$55K	$166K	20x	as long as short
SunX HUT-USDTlong	0.0000%	8h	103.87	long leg	—	$168.0M	10x
HTX HUT-USDTshort	0.0000%	8h	104.00	+0.125%	$985	$349K	20x
Phemex HUTUSDT	0.0000%	8h	104.01	+0.135%	$104K	$131K	10x	as long as short
QFEX HUT-USD	0.0000%	1h	104.16	+0.279%	$1.9M	$1.6M	10x	as long as short
BloFin HUT-USDT	+0.0061%	8h	104.09	+0.212%	$45K	$28K	20x	as long as short
Binance HUTUSDT	+0.0087%	8h	103.99	+0.113%	$176K	$1.7M	20x	as long as short