HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0309%/8h= +33.8% APRnext payment +$3.09 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bitget−0.161%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$713as in the Funding arb table

Net, price: spread back to 7d avg − costs−$702as in the Price arb table

costs, in and out, $10k−$6776.768% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.360%−$36 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.161%, 7d avg +0.094%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.256% cheaper against Bitget than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.094%). If the spread goes back, that is −$26 on $10k: about 2.8 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.360%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HPEUSDT	62.000	0	get 0.0000% / 8h	3h 48m	$959K	$361K	20x
Short	KuCoin HPEUSDTM	61.900	0.0309	get 0.0309% / 8h	3h 48m	$230K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.161%Rate

Funding earned: $64.89
Price spread: −0.161% → +0.094%: −$25.56
Slippage, 4 orders: −$652.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$637.44
Costs to cover: 6.768%
Break-even: 75.8 days

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 24 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 Bitget live order book, 2 min ago	12.13 bp	47.3 bp −$47	73.4 bp −$734	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	16.09 bp	267.7 bp −$268	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	61.808	−0.310%	$833	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.825	−0.283%	$471K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.800	−0.323%	$321K	$186K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.910	−0.145%	$204K	$372K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.890	−0.177%	$160K	$36K	20x	as long as short
Bitget HPEUSDTlong	0.0000%	8h	62.000	long leg	$959K	$361K	20x
Variational Omni HPE	0.0000%	8h	61.969	−0.050%	$37K	$257K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.820	−0.290%	$1K	$289K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.930	−0.113%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMshort	+0.0309%	8h	61.900	−0.161%	$230K	$426K	20x