Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against KuCoin−0.109%7-day average +0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,306as in the Price arb table
costs, in and out, $10k−$1,27812.777% of the position
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.109%, 7d avg +0.175%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.284% cheaper against KuCoin than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.175%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.216%, 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 | KuCoin HIVEUSDTM | 0.05508 | 0.0100 | pay 0.0050% / 4h | 26m 14s | $295K | $27K | 30x |
| Short | BingX HIVE-USDT | 0.05502 | 0.0070 | get 0.0035% / 4h | 26m 14s | — | $1.3M | — |
KuCoin HIVEUSDTM
BingX HIVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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: −0.109% → +0.175%
- −$28.43
- Slippage, 4 orders
- −$1,255.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,312.42
- Costs to cover
- 12.777%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 55 min ago; BingX: live order book, 4 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 KuCoin live order book, 55 min ago | 31.74 bp | 585.4 bp −$585 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.63 bp | 16.4 bp −$16 | 37.7 bp −$377 | 569.1 bp −$56.9K | 981.5 bp −$490.8K |
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 | 0.05502 | −0.109% | — | $1.3M | — | |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05500 | −0.145% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05495 | −0.236% | $181K | $26K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05499 | −0.163% | $589K | $151K | 20x | as long as short |
| KuCoin HIVEUSDTMlong | +0.0100% | 4h | 0.05508 | long leg | $295K | $27K | 30x | |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05496 | −0.218% | $367K | $156K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05501 | −0.118% | $7K | $88K | 5x | as long as short |
| Bybit HIVEUSDT | +0.0632% | 4h | 0.05504 | −0.073% | $878K | $137K | 25x | as long as short |
Binance HIVEUSDT
Gate HIVE_USDT
MEXC HIVE_USDT
Bitget HIVEUSDT
Extended HIVE-USD
Bybit HIVEUSDT