Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.163%50s7-day average +0.237% · you sell dearer than you buy

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

Long on Bitget Short on SunX

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)−0.009%−$1 · spread now +0.163%, 7d avg +0.237%

Together, before fees−0.009%−$1 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 0.073% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.237%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUTUSDT	104.09	0	get 0.0000% / 8h	43m 37s	$60K	$167K	20x
Short	SunX HUT-USDT	104.26	0	get 0.0000% / 8h	43m 37s	—	$171.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.237%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.33
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 26 min ago; SunX: live order book, 6 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 Bitget live order book, 26 min ago	30.85 bp	78.9 bp −$79	82.6 bp −$826	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	26.36 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
Binance HUTUSDT	0.0000%	8h	104.17	+0.074%	$172K	$1.7M	20x	as long as short
Bybit HUTUSDT	0.0000%	8h	103.90	−0.183%	$19K	$83K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	104.57	+0.461%	$42K	$1.1M	20x	as long as short
QFEX HUT-USD	0.0000%	1h	103.82	−0.259%	$1.9M	$1.6M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	104.13	+0.038%	$26K	$27K	20x	as long as short
Bitget HUTUSDTlong	0.0000%	8h	104.09	long leg	$60K	$167K	20x
SunX HUT-USDTshort	0.0000%	8h	104.26	+0.163%	—	$171.2M	10x
HTX HUT-USDT	0.0000%	8h	104.20	+0.106%	$821	$349K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	104.25	+0.154%	$104K	$133K	10x	as long as short
BloFin HUT-USDT	+0.0005%	8h	104.33	+0.231%	—	$27K	20x	as long as short