Funding you earn now, next payment 08:00 UTC−0.0413%/8h= −45.2% APRnext payment −$2.06 per $10,000 · paid last 24h −0.179%
Price spread now: BingX against Bybit−0.018%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$2102.103% of the position
Funding, last 7 days+0.303%+$30 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.018%, 7d avg −0.089%
=The price spread pays, funding is against you. BingX is 0.071% dearer against Bybit than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.089%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.303%, 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 | Bybit HIVEUSDT | 0.05457 | 0.0483 | pay 0.0241% / 4h | 2h 00m | $857K | $171K | 25x |
| Short | BingX HIVE-USDT | 0.05456 | 0.0070 | get 0.0035% / 4h | 2h 00m | — | $1.3M | — |
Bybit HIVEUSDT
BingX HIVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$86.67
- Price spread: −0.018% → −0.089%
- $7.08
- Slippage, 4 orders
- −$189.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$289.86
- Costs to cover
- 2.103%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 45 min ago; BingX: live order book, 16 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, 45 min ago | 1.83 bp | 95.2 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 2.76 bp | 16.5 bp −$17 | 40.4 bp −$404 | 466.3 bp −$46.6K | 868.2 bp −$434.1K |
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 | 0.05456 | −0.018% | — | $1.3M | — | |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05454 | −0.049% | $1.6M | $1.6M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05449 | −0.147% | $179K | $28K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05449 | −0.147% | $553K | $155K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05452 | −0.092% | $286K | $28K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05459 | +0.037% | $363K | $160K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05453 | −0.078% | $7K | $132K | 5x | as long as short |
| Bybit HIVEUSDTlong | +0.0483% | 4h | 0.05457 | long leg | $857K | $171K | 25x |
Binance HIVEUSDT
Gate HIVE_USDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD