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 0.000%

Price spread now: Bitget against SunX−0.125%50s7-day average −0.237% · you buy dearer than you sell

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

Long on SunX Short on Bitget

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)−0.167%−$17 · spread now −0.125%, 7d avg −0.237%

Together, before fees−0.167%−$17 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: Bitget is 0.112% dearer against SunX than usual: you sell high and buy low, +$11 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	SunX HUT-USDT	103.69	0	get 0.0000% / 8h	5h 54m	—	$166.0M	10x
Short	Bitget HUTUSDT	103.56	0	get 0.0000% / 8h	5h 54m	$61K	$144K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → −0.237%: $11.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Bitget: live order book, 65 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, 5 min ago	72.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 65 min ago	25.05 bp	37.2 bp −$37	92.9 bp −$929	doesn't fit	doesn't fit

HUT on 9 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	103.31	−0.366%	$1.9M	$1.4M	10x	as long as short
Bybit HUTUSDT	0.0000%	8h	103.28	−0.395%	$20K	$90K	25x	as long as short
OKX HUT-USDT-SWAP	0.0000%	8h	103.84	+0.145%	$41K	$1.1M	20x	as long as short
Gate HUT_USDT	0.0000%	8h	103.61	−0.077%	$25K	$28K	20x	as long as short
Bitget HUTUSDTshort	0.0000%	8h	103.56	−0.125%	$61K	$144K	20x
SunX HUT-USDTlong	0.0000%	8h	103.69	long leg	—	$166.0M	10x
HTX HUT-USDT	0.0000%	8h	103.87	+0.174%	$2K	$347K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.78	+0.087%	$104K	$123K	10x	as long as short
Binance HUTUSDT	+0.0127%	8h	103.78	+0.087%	$180K	$1.6M	20x	as long as short