Funding arb · Price arb /

HUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.001%

Price spread now: QFEX against HTX+0.544%7-day average −0.183% · you sell dearer than you buy

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.001%$0 on $10k

Price spread, last 2 days (all we have)−0.627%−$63 · spread now +0.544%, 7d avg −0.183%

Together, before fees−0.626%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.727% dearer against HTX than usual: you sell high and buy low (spread +0.544% now, against its 7-day average of −0.183%): +$73 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HUT-USDT	102.99	0	get 0.0000% / 8h	2h 46m	$2K	$349K	20x
Short	QFEX HUT-USD	103.55	−0.0011	pay 0.0001% / 1h	46m 39s	$1.9M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now +0.544%Rate

Funding earned: −$2.32
Price spread: +0.544% → −0.183%: $72.66
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: $48.34
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 1 min ago; QFEX: live order book, 5 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 HTX live order book, 1 min ago	78.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	77.74 bp	166.0 bp −$166	168.1 bp −$1,681	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
QFEX HUT-USDshort	−0.0011%	1h	103.55	+0.544%	$1.9M	$1.3M	10x
Bybit HUTUSDT	0.0000%	8h	102.97	−0.019%	$18K	$94K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.00	+0.010%	$38K	$1.1M	20x	as long as short
Gate HUT_USDT	0.0000%	8h	103.12	+0.126%	$25K	$29K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.03	+0.039%	$55K	$152K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.73	+0.719%	—	$162.8M	10x	as long as short
HTX HUT-USDTlong	0.0000%	8h	102.99	long leg	$2K	$349K	20x
Phemex HUTUSDT	0.0000%	8h	103.11	+0.117%	$107K	$128K	10x	as long as short
Binance HUTUSDT	+0.0224%	8h	103.03	+0.040%	$188K	$1.6M	20x	as long as short
BloFin HUT-USDT	+0.0241%	8h	102.84	−0.146%	—	$29K	20x	as long as short