Funding you earn now, next payment 08:00 UTC−0.0529%/8h= −57.9% APRnext payment −$2.65 per $10,000 · paid last 24h −0.170%
Price spread now: KuCoin against Bybit−0.037%7-day average −0.260% · you buy dearer than you sell
Net, funding: paid 7d − costs−$963as in the Funding arb table
Net, price: spread back to 7d avg − costs−$955as in the Price arb table
costs, in and out, $10k−$9779.771% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now −0.037%, 7d avg −0.260%
=The price spread pays, funding is against you. KuCoin is 0.223% dearer against Bybit than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.260%): +$22 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.65 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 | 0.05417 | 0.0629 | pay 0.0315% / 4h | 23m 13s | $847K | $177K | 25x |
| Short | KuCoin HIVEUSDTM | 0.05415 | 0.0100 | get 0.0050% / 4h | 23m 13s | $284K | $26K | 30x |
Bybit HIVEUSDT
KuCoin HIVEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$111.14
- Price spread: −0.037% → −0.260%
- $22.34
- Slippage, 4 orders
- −$954.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,065.94
- Costs to cover
- 9.771%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 12 min ago; KuCoin: live order book, 9 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, 12 min ago | 1.84 bp | 96.3 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 23.96 bp | 283.5 bp −$283 | 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 | 0.05417 | 0.000% | — | $1.3M | — | as long as short |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05410 | −0.129% | $1.6M | $1.6M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05406 | −0.203% | $177K | $29K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05410 | −0.129% | $551K | $142K | 20x | as long as short |
| KuCoin HIVEUSDTMshort | +0.0100% | 4h | 0.05415 | −0.037% | $284K | $26K | 30x | |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05406 | −0.203% | $354K | $163K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05409 | −0.156% | $10K | $202K | 5x | as long as short |
| Bybit HIVEUSDTlong | +0.0629% | 4h | 0.05417 | long leg | $847K | $177K | 25x |
BingX HIVE-USDT
Binance HIVEUSDT
Gate HIVE_USDT
MEXC HIVE_USDT
Bitget HIVEUSDT
Extended HIVE-USD