Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h —

Price spread now: Gate against BloFin+0.096%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 20 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.096% dearer against BloFin than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HUT-USDT	103.88	0.0270	pay 0.0270% / 8h	4h 13m	$46K	$29K	20x
Short	Gate HUT_USDT	103.98	0	get 0.0000% / 8h	4h 13m	$25K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.096%Rate

Funding earned: −$56.8
Price spread: +0.096% → 0.000%: $9.63
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$74.18
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Gate: no order-book sample. 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 BloFin no order-book sample	—	—	—	—	—
Sell Gate no order-book sample	—	—	—	—	—

BloFin and Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	103.98	+0.096%	$19K	$91K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.61	−0.260%	$39K	$1.1M	20x	as long as short
QFEX HUT-USD	0.0000%	1h	104.36	+0.462%	$1.9M	$1.3M	10x	as long as short
Gate HUT_USDTshort	0.0000%	8h	103.98	+0.096%	$25K	$28K	20x
Bitget HUTUSDT	0.0000%	8h	104.07	+0.183%	$56K	$150K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.80	−0.077%	—	$165.1M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	104.00	+0.116%	$2K	$350K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	104.10	+0.212%	$107K	$127K	10x	as long as short
Binance HUTUSDT	+0.0262%	8h	104.11	+0.221%	$179K	$1.6M	20x	as long as short
BloFin HUT-USDTlong	+0.0270%	8h	103.88	long leg	$46K	$29K	20x