Funding you earn now, next payment 00:00 UTC+0.0396%/8h= +43.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.129%
Price spread now: Bybit against Binance+0.041%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2642.643% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.041%, 7d avg +0.133%
=Funding pays, the price is against you. Bybit is 0.092% cheaper against Binance than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.133%). If the spread goes back, that is −$9 on $10k: about 19 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.343% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HIVEUSDT | 0.05496 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $1.6M | $1.5M | 25x |
| Short | Bybit HIVEUSDT | 0.05498 | 0.0496 | get 0.0248% / 4h | 1h 51m | $880K | $133K | 25x |
Binance HIVEUSDT
Bybit HIVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $83.15
- Price spread: +0.041% → +0.133%
- −$9.16
- Slippage, 4 orders
- −$243.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$190.28
- Costs to cover
- 2.643%
- Break-even
- 23.0 days
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 29 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, 12 min ago | 0.91 bp | 25.8 bp −$26 | 87.5 bp −$875 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 4.54 bp | 115.3 bp −$115 | doesn't fit | doesn't fit | 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-USDT | +0.0070% | 4h | 0.05497 | +0.023% | — | $1.3M | — | as long as short |
| Binance HIVEUSDTlong | +0.0100% | 4h | 0.05496 | long leg | $1.6M | $1.5M | 25x | |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05490 | −0.104% | $182K | $28K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05496 | +0.005% | $602K | $151K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05490 | −0.104% | $296K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05496 | +0.005% | $369K | $178K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05495 | −0.011% | $7K | $86K | 5x | as long as short |
| Bybit HIVEUSDTshort | +0.0496% | 4h | 0.05498 | +0.041% | $880K | $133K | 25x |
BingX HIVE-USDT
Gate HIVE_USDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD