Funding you earn now, next payment 04:00 UTC−0.0546%/8h= −59.8% APRnext payment −$2.73 per $10,000 · paid last 24h −0.149%
Price spread now: Binance against Bybit−0.127%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2302.299% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.127%, 7d avg −0.125%
=The price spread sits at its 7-day average of −0.125%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.332% in total (about -17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HIVEUSDT | 0.05513 | 0.0646 | pay 0.0323% / 4h | 29m 34s | $879K | $138K | 25x |
| Short | Binance HIVEUSDT | 0.05506 | 0.0100 | get 0.0050% / 4h | 29m 34s | $1.6M | $1.5M | 25x |
Bybit HIVEUSDT
Binance HIVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$114.69
- Price spread: −0.127% → −0.125%
- −$0.2
- Slippage, 4 orders
- −$208.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$344.81
- Costs to cover
- 2.299%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 26 min ago; Binance: 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 Bybit live order book, 26 min ago | 1.81 bp | 98.5 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.82 bp | 24.9 bp −$25 | 88.5 bp −$885 | 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 | 0.05504 | −0.163% | — | $1.3M | — | as long as short |
| Binance HIVEUSDTshort | +0.0100% | 4h | 0.05506 | −0.127% | $1.6M | $1.5M | 25x | |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05498 | −0.272% | $181K | $26K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05507 | −0.109% | $590K | $151K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05508 | −0.091% | $295K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05501 | −0.218% | $368K | $156K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05506 | −0.131% | $7K | $88K | 5x | as long as short |
| Bybit HIVEUSDTlong | +0.0646% | 4h | 0.05513 | long leg | $879K | $138K | 25x |
BingX HIVE-USDT
Gate HIVE_USDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD