Funding arb · Price arb /

HUT

RWAall HUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bybit against SunX+0.087%7-day average −0.192% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.009%+$1 on $10k

Price spread, last 1 day (all we have)−0.528%−$53 · spread now +0.087%, 7d avg −0.192%

Together, before fees−0.519%−$52 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: Bybit is 0.279% dearer against SunX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HUT-USDT	102.96	0	get 0.0000% / 8h	5h 48m	—	$160.0M	10x
Short	Bybit HUTUSDT	103.05	0	get 0.0000% / 8h	5h 48m	$23K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.192%: $27.91
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.91
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 3 min ago; Bybit: live order book, 56 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, 3 min ago	67.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 56 min ago	7.82 bp	113.8 bp −$114	doesn't fit	doesn't fit	doesn't fit

HUT on 10 exchanges

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 HUTUSDTshort	0.0000%	8h	103.05	+0.087%	$23K	$125K	25x
OKX HUT-USDT-SWAP	0.0000%	8h	103.00	+0.039%	$37K	$604K	20x	as long as short
QFEX HUT-USD	0.0000%	1h	103.38	+0.408%	$1.9M	$1.1M	10x	as long as short
Gate HUT_USDT	0.0000%	8h	103.41	+0.437%	$25K	$21K	20x	as long as short
Bitget HUTUSDT	0.0000%	8h	103.73	+0.748%	$59K	$116K	20x	as long as short
SunX HUT-USDTlong	0.0000%	8h	102.96	long leg	—	$160.0M	10x
HTX HUT-USDT	0.0000%	8h	103.25	+0.282%	$2K	$348K	20x	as long as short
Phemex HUTUSDT	0.0000%	8h	103.39	+0.418%	$128K	$123K	10x	as long as short
Binance HUTUSDT	+0.0168%	8h	103.26	+0.289%	$181K	$1.5M	20x	as long as short
BloFin HUT-USDT	+0.0198%	8h	103.30	+0.330%	$47K	$30K	20x	as long as short