Funding arb · Price arb /

HUT

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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 −0.013%

Price spread now: Bybit against OKX+0.010%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HUT-USDT-SWAP	103.39	0	get 0.0000% / 8h	5h 26m	$40K	$1.1M	20x
Short	Bybit HUTUSDT	103.40	0	get 0.0000% / 8h	5h 26m	$19K	$91K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → 0.000%: $0.97
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Bybit: 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 OKX live order book, 5 min ago	26.07 bp	135.0 bp −$135	doesn't fit	doesn't fit	doesn't fit
Sell Bybit no order-book sample	—	—	—	—	—

Bybit: 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
QFEX HUT-USD	−0.0002%	1h	103.35	−0.039%	$1.9M	$1.4M	10x	as long as short
Bybit HUTUSDTshort	0.0000%	8h	103.40	+0.010%	$19K	$91K	25x
OKX HUT-USDT-SWAPlong	0.0000%	8h	103.39	long leg	$40K	$1.1M	20x
Gate HUT_USDT	0.0000%	8h	103.53	+0.135%	$25K	$28K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.58	+0.184%	$58K	$148K	20x	as long as short
SunX HUT-USDT	0.0000%	8h	103.66	+0.261%	—	$165.1M	10x	as long as short
HTX HUT-USDT	0.0000%	8h	103.46	+0.068%	$2K	$348K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.55	+0.155%	$105K	$125K	10x	as long as short
BloFin HUT-USDT	+0.0154%	8h	103.62	+0.222%	$46K	$28K	20x	as long as short
Binance HUTUSDT	+0.0156%	8h	103.42	+0.026%	$180K	$1.6M	20x	as long as short