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: Bybit against KuCoin+0.018%7-day average +0.267% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,484as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,484as in the Price arb table
costs, in and out, $10k−$1,45914.586% of the position
Funding, last 7 days−0.255%−$26 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.018%, 7d avg +0.267%
=Funding pays, the price is against you. Bybit is 0.249% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.267%). If the spread goes back, that is −$25 on $10k: about 33 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.255%, 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 -0.255% in total (about -13.3% 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 | KuCoin HIVEUSDTM | 0.05522 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $296K | $27K | 30x |
| Short | Bybit HIVEUSDT | 0.05523 | 0.0709 | get 0.0354% / 4h | 1h 14m | $884K | $142K | 25x |
KuCoin HIVEUSDTM
Bybit HIVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $127.86
- Price spread: +0.018% → +0.267%
- −$24.88
- Slippage, 4 orders
- −$1,435.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,355.65
- Costs to cover
- 14.586%
- Break-even
- 81.2 days
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 45 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, 7 min ago | 31.74 bp | 585.4 bp −$585 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 45 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 | 0.05520 | −0.036% | — | $1.3M | — | as long as short |
| Binance HIVEUSDT | +0.0100% | 4h | 0.05521 | −0.024% | $1.6M | $1.5M | 25x | as long as short |
| Gate HIVE_USDT | +0.0100% | 4h | 0.05515 | −0.127% | $182K | $29K | 25x | as long as short |
| MEXC HIVE_USDT | +0.0100% | 4h | 0.05519 | −0.054% | $592K | $152K | 20x | as long as short |
| KuCoin HIVEUSDTMlong | +0.0100% | 4h | 0.05522 | long leg | $296K | $27K | 30x | |
| Bitget HIVEUSDT | +0.0100% | 4h | 0.05514 | −0.145% | $369K | $166K | 25x | as long as short |
| Extended HIVE-USD | +0.0104% | 1h | 0.05519 | −0.051% | $7K | $84K | 5x | as long as short |
| Bybit HIVEUSDTshort | +0.0709% | 4h | 0.05523 | +0.018% | $884K | $142K | 25x |
BingX HIVE-USDT
Binance HIVEUSDT
Gate HIVE_USDT
MEXC HIVE_USDT
Bitget HIVEUSDT
Extended HIVE-USD