Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Binance−0.077%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days+0.803%+$80 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.077%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.122% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.803%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HIVEUSDT | 0.05528 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $1.6M | $1.5M | 25x |
| Short | BingX HIVE-USDT | 0.05524 | 0.0070 | get 0.0035% / 4h | 1h 16m | — | $1.3M | — |
Binance HIVEUSDT
BingX HIVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: −0.077% → +0.045%
- −$12.24
- Slippage, 4 orders
- −$57.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$95.58
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; BingX: live order book, 4 min ago.
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 Binance live order book, 1 min ago | 0.90 bp | 22.0 bp −$22 | 77.8 bp −$778 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.62 bp | 14.9 bp −$15 | 27.0 bp −$270 | 610.9 bp −$61.1K | doesn't fit |
HIVE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HIVE-USDTshort | +0.0070% | 4h | 0.05524 | −0.077% | — | $1.3M | — | |
| Binance HIVEUSDTlong | +0.0100% | 4h | 0.05528 | long leg | $1.6M | $1.5M | 25x | |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05518 | −0.186% | $182K | $29K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05527 | −0.023% | $593K | $152K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05523 | −0.095% | $296K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05521 | −0.131% | $369K | $166K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05526 | −0.034% | $7K | $84K | 5x | as long as short |
| Bybit HIVEUSDT | +0.0718% | 4h | 0.05524 | −0.077% | $884K | $142K | 25x | as long as short |
Gate HIVE_USDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD
Bybit HIVEUSDT