HIVE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Binance SpotHIVEUSDT	0.04335	spot	no funding	—	—	$72K	1x	Buy Binance Spot
SHORT	BinanceHIVEUSDT	0.04330	−0.0268	pay 0.0134% / 4h	2h 03m	$859K	$823K	25x	Short Binance

Price gap−0.115%

Funding gap−0.0268% /8h

Funding costs $8 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$11−0.0268% /8h now · paid +0.108% over the last 7D

Price$0spread −0.115% now, avg −0.120% → +0.004% if it goes back

Costsno datano order book for Binance Spot

Result, before costs+$11+0.11%no pointscosts unknown: no order book for Binance Spot ·

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.108% in total, about +0.0051%/8h on average.

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.115%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HIVE on 8 exchanges

lowest funding first

Before you open

1 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Binance Spot: its slippage is not counted.
Note: Spot in full, margin on the short$10,000 + $400
The spot leg is bought with the whole $10k; Binance runs at up to 25x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
OK: Only the short pays funding— / 4h
The spot leg pays no funding; Binance settles every 4h.
Next 24h at the current rates, on $10k a leg: −$8.03Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$8.03.
Note: Gap at its usual level−0.115% vs −0.120%
The price leg adds little either way.
Watch: Short leg is thin$859K OI
Binance sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Spot Yes · Binance Yes
Verified KYC to deposit or trade.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0051%/8h × 21 periods+$10.80

Price spread−0.115% → −0.120% (7d avg)+$0.42

Slippage, 4 ordersno data for Binance Spot—

Fee Binance Spot bp × 2 orders−$20.00

Fee Binance bp × 2 orders−$10.00

Net, fees only · 7 days · $10k−$18.78

Costs to cover0.300%Break-even19.2 days

Slippage: Binance Spot: no order-book sample; Binance: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance Spot—————

SELL · SHORTBinance2.3123.8 bp−$2492.1 bp−$921doesn’t fitdoesn’t fit

Closing costs about the same again.
Binance Spot: no data.