Funding you earn now, next payment 04:00 UTC+0.0618%/8h= +67.7% APRnext payment +$3.09 per $10,000 · paid last 24h +0.149%
Price spread now: Bybit against Gate+0.127%7-day average +0.256% · you sell dearer than you buy
Net, funding: paid 7d − costs−$753as in the Funding arb table
Net, price: spread back to 7d avg − costs−$753as in the Price arb table
costs, in and out, $10k−$7407.398% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.127%, 7d avg +0.256%
=Funding pays, the price is against you. Bybit is 0.129% cheaper against Gate than usual: you would sell low and buy high (spread +0.127% now, against its 7-day average of +0.256%). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.09 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 | Gate HIVE_USDT | 0.05517 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $182K | $29K | 25x |
| Short | Bybit HIVEUSDT | 0.05524 | 0.0718 | get 0.0359% / 4h | 1h 19m | $884K | $142K | 25x |
Gate HIVE_USDT
Bybit HIVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $129.83
- Price spread: +0.127% → +0.256%
- −$12.9
- Slippage, 4 orders
- −$713.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$622.88
- Costs to cover
- 7.398%
- Break-even
- 40.6 days
Slippage from Gate: live order book, 36 min ago; Bybit: 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 Gate live order book, 36 min ago | 2.73 bp | 263.9 bp −$264 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 40 min ago | 1.82 bp | 89.5 bp −$89 | 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 | 0.05521 | +0.073% | — | $1.3M | — | as long as short |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05521 | +0.073% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDTlong | +0.0100% | 4h | 0.05517 | long leg | $182K | $29K | 25x | |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05521 | +0.073% | $592K | $152K | 20x | as long as short |
| KuCoin HIVEUSDTM | +0.0100% | 4h | 0.05516 | −0.018% | $295K | $27K | 30x | as long as short |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05516 | −0.018% | $369K | $166K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05519 | +0.044% | $7K | $84K | 5x | as long as short |
| Bybit HIVEUSDTshort | +0.0718% | 4h | 0.05524 | +0.127% | $884K | $142K | 25x |
BingX HIVE-USDT
Binance HIVEUSDT
MEXC HIVE_USDT
KuCoin HIVEUSDTM
Bitget HIVEUSDT
Extended HIVE-USD