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 Gate+0.127%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$680as in the Funding arb table
Net, price: spread back to 7d avg − costs−$718as in the Price arb table
costs, in and out, $10k−$7147.138% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.127%, 7d avg +0.166%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.039% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.166%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.337%, 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 | Gate HIVE_USDT | 0.05494 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $181K | $27K | 25x |
| Short | BingX HIVE-USDT | 0.05501 | 0.0070 | get 0.0035% / 4h | 3h 33m | — | $1.3M | — |
Gate HIVE_USDT
BingX HIVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: +0.127% → +0.166%
- −$3.87
- Slippage, 4 orders
- −$688.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$723.97
- Costs to cover
- 7.138%
- Break-even
- never at this rate
Slippage from Gate: live order book, 12 min ago; BingX: live order book, 10 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 Gate live order book, 12 min ago | 4.54 bp | 426.2 bp −$426 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.82 bp | 13.4 bp −$13 | 21.4 bp −$214 | 579.5 bp −$58.0K | 1021.4 bp −$510.7K |
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 | 0.05501 | +0.127% | — | $1.3M | — | |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05496 | +0.046% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDTlong | +0.0100% | 4h | 0.05494 | long leg | $181K | $27K | 25x | |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05497 | +0.055% | $588K | $148K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05503 | +0.164% | $291K | $26K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05499 | +0.091% | $368K | $156K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05495 | +0.016% | $7K | $91K | 5x | as long as short |
| Bybit HIVEUSDT | +0.0262% | 4h | 0.05503 | +0.164% | $879K | $140K | 25x | as long as short |
Binance HIVEUSDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD
Bybit HIVEUSDT