HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0377%/8h= +41.3% APRnext payment +$3.77 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance+0.052%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$701as in the Funding arb table

Net, price: spread back to 7d avg − costs−$688as in the Price arb table

costs, in and out, $10k−$6876.874% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.052%, 7d avg +0.055%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.133%, 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 -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.77 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	Binance HPEUSDT	61.708	0	get 0.0000% / 8h	2h 06m	$470K	$4.5M	20x
Short	KuCoin HPEUSDTM	61.740	0.0377	get 0.0377% / 8h	2h 06m	$229K	$437K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $79.17
Price spread: +0.052% → +0.055%: −$0.21
Slippage, 4 orders: −$665.43
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$608.48
Costs to cover: 6.874%
Break-even: 60.8 days

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 51 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 Binance live order book, 15 min ago	3.25 bp	17.9 bp −$18	69.5 bp −$695	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	13.80 bp	397.7 bp −$398	doesn't fit	doesn't fit	doesn't fit

HPE on 10 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
Aster HPEUSDT	0.0000%	8h	61.626	−0.132%	$831	$146	20x	as long as short
Binance HPEUSDTlong	0.0000%	8h	61.708	long leg	$470K	$4.5M	20x
Bybit HPEUSDT	0.0000%	8h	61.560	−0.239%	$320K	$193K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.540	−0.272%	$206K	$378K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.610	−0.158%	$160K	$37K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.640	−0.110%	$957K	$356K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.734	+0.043%	$31K	$262K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.560	−0.239%	$755	$284K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.640	−0.110%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMshort	+0.0377%	8h	61.740	+0.052%	$229K	$437K	20x