HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0422%/8h= +46.2% APRnext payment +$4.22 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit+0.244%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$655as in the Funding arb table

Net, price: spread back to 7d avg − costs−$601as in the Price arb table

costs, in and out, $10k−$6196.188% of the position

Long on Bybit 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)−0.300%−$30 · spread now +0.244%, 7d avg +0.064%

Together, before fees−0.660%−$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and KuCoin is 0.180% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.064%. 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	Bybit HPEUSDT	61.480	0	get 0.0000% / 8h	1h 18m	$319K	$192K	25x
Short	KuCoin HPEUSDTM	61.630	0.0422	get 0.0422% / 8h	1h 18m	$226K	$422K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.244%Rate

Funding earned: $88.62
Price spread: +0.244% → +0.064%: $17.99
Slippage, 4 orders: −$595.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$512.17
Costs to cover: 6.188%
Break-even: 47.5 days

Slippage from Bybit: live order book, 16 min ago; KuCoin: live order book, 25 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 Bybit live order book, 16 min ago	8.14 bp	43.2 bp −$43	209.2 bp −$2,092	doesn't fit	doesn't fit
Sell KuCoin live order book, 25 min ago	4.88 bp	270.2 bp −$270	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	61.534	+0.088%	$829	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.590	+0.179%	$468K	$4.5M	20x	as long as short
Bybit HPEUSDTlong	0.0000%	8h	61.480	long leg	$319K	$192K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.690	+0.342%	$206K	$378K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.520	+0.065%	$159K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.470	−0.016%	$951K	$356K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.559	+0.129%	$31K	$262K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.510	+0.049%	$730	$279K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.650	+0.277%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMshort	+0.0422%	8h	61.630	+0.244%	$226K	$422K	20x