Funding you earn now, next payment 04:00 UTC−0.0609%/8h= −66.7% APRnext payment −$3.04 per $10,000 · paid last 24h −0.149%
Price spread now: MEXC against Bybit−0.054%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2282.276% of the position
Funding, last 7 days−0.347%−$35 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.054%, 7d avg −0.126%
=The price spread pays, funding is against you. MEXC is 0.072% dearer against Bybit than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.126%): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.347% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.347% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.04 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 | 0.05523 | 0.0709 | pay 0.0354% / 4h | 1h 14m | $884K | $142K | 25x |
| Short | MEXC HIVE_USDT | 0.05520 | 0.0100 | get 0.0050% / 4h | 1h 14m | $592K | $152K | 20x |
Bybit HIVEUSDT
MEXC HIVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$127.86
- Price spread: −0.054% → −0.126%
- $7.18
- Slippage, 4 orders
- −$212.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$348.29
- Costs to cover
- 2.276%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 45 min ago; MEXC: live order book, 40 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 | 1.82 bp | 123.8 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 40 min ago | 1.82 bp | 6.1 bp −$6 | 41.4 bp −$414 | 194.4 bp −$19.4K | 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 | 0.05520 | −0.054% | — | $1.3M | — | as long as short |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05521 | −0.036% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05515 | −0.145% | $182K | $29K | 25x | as long as short |
| MEXC HIVE_USDTshort | +0.0100% | 4h | 0.05520 | −0.054% | $592K | $152K | 20x | |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05522 | −0.018% | $296K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05514 | −0.163% | $369K | $166K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05520 | −0.055% | $7K | $84K | 5x | as long as short |
| Bybit HIVEUSDTlong | +0.0709% | 4h | 0.05523 | long leg | $884K | $142K | 25x |
BingX HIVE-USDT
Binance HIVEUSDT
Gate HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD