Settings8H · net · $10k
Funding arb · Price arb /

HPE

RWAall HPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.032%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$360as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3603.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.032%, 7d avg +0.013%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.046% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HPEUSDT61.8300get 0.0000% / 8h5h 29m$320K$175K25x
ShortGate HPE_USDT61.8100get 0.0000% / 8h5h 29m$160K$32K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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

Funding earned
$0
Price spread: −0.032% → +0.013%
−$4.56
Slippage, 4 orders
−$334.48
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$365.04
Costs to cover
3.605%
Break-even
never at this rate
Slippage from Bybit: live order book, 8 min ago; Gate: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 8 min ago12.13 bp93.5 bp −$94247.0 bp −$2,470doesn't fitdoesn't fit
Sell Gate live order book, 9 min ago16.17 bp192.2 bp −$192doesn't fitdoesn't fitdoesn't fit

HPE on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HPEUSDT0.0000%8h61.800−0.048%$833$14620xas long as short
Binance HPEUSDT0.0000%8h61.8300.000%$484K$4.3M20xas long as short
Bybit HPEUSDTlong0.0000%8h61.830long leg$320K$175K25x
OKX HPE-USDT-SWAP0.0000%8h61.710−0.194%$203K$310K20xas long as short
Gate HPE_USDTshort0.0000%8h61.810−0.032%$160K$32K20x
Bitget HPEUSDT0.0000%8h61.750−0.129%$935K$369K20xas long as short
Variational Omni HPE0.0000%8h61.810−0.032%$49K$300Kas long as short
SunX HPE-USDT0.0000%8h61.770−0.097%$802$228K10xas long as short
HTX HPE-USDT0.0000%8h61.780−0.081%$8K$1K10xas long as short
KuCoin HPEUSDTM+0.0203%8h61.880+0.081%$214K$498K20xas long as short