Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bitget+0.037%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days+0.557%+$56 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.037%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.557%, 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 | Bitget HIVEUSDT | 0.05459 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $364K | $153K | 25x |
| Short | BingX HIVE-USDT | 0.05461 | 0.0070 | get 0.0035% / 4h | 2h 43m | — | $1.3M | — |
Bitget HIVEUSDT
BingX HIVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: +0.037% → +0.090%
- −$5.31
- Slippage, 4 orders
- −$62.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$96.43
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 61 min ago; BingX: live order book, 7 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 Bitget live order book, 61 min ago | 4.54 bp | 29.2 bp −$29 | 161.1 bp −$1,611 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.82 bp | 13.2 bp −$13 | 34.9 bp −$349 | 557.9 bp −$55.8K | 1012.1 bp −$506.1K |
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 | 0.05461 | +0.037% | — | $1.3M | — | |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05460 | +0.017% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05448 | −0.202% | $179K | $27K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05459 | 0.000% | $576K | $149K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05464 | +0.092% | $287K | $27K | 30x | as long as short |
| Bitget HIVEUSDTlong | +0.0100% | 4h | 0.05459 | long leg | $364K | $153K | 25x | |
| Extended HIVE-USD | +0.0104% | 1h | 0.05460 | +0.018% | $7K | $134K | 5x | as long as short |
| Bybit HIVEUSDT | +0.0396% | 4h | 0.05462 | +0.055% | $865K | $150K | 25x | as long as short |
Binance HIVEUSDT
Gate HIVE_USDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Extended HIVE-USD
Bybit HIVEUSDT