Funding arb · Price arb /

HPE

RWAall HPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.016%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3613.609% of the position

Long on Gate Short on Bybit

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)+0.137%+$14 · spread now +0.016%, 7d avg −0.013%

Together, before fees+0.137%+$14 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: Bybit is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HPE_USDT	61.530	0	get 0.0000% / 8h	2h 55m	$159K	$36K	20x
Short	Bybit HPEUSDT	61.540	0	get 0.0000% / 8h	2h 55m	$319K	$193K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.013%: $2.95
Slippage, 4 orders: −$334.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$357.93
Costs to cover: 3.609%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; Bybit: live order book, 49 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 Gate live order book, 50 min ago	14.55 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	8.90 bp	64.5 bp −$65	201.8 bp −$2,018	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	61.531	+0.001%	$829	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.545	+0.024%	$467K	$4.5M	20x	as long as short
Bybit HPEUSDTshort	0.0000%	8h	61.540	+0.016%	$319K	$193K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.470	−0.098%	$202K	$370K	20x	as long as short
Gate HPE_USDTlong	0.0000%	8h	61.530	long leg	$159K	$36K	20x
Bitget HPEUSDT	0.0000%	8h	61.530	0.000%	$952K	$358K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.534	+0.007%	$36K	$258K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.510	−0.033%	$739	$288K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.500	−0.049%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0366%	8h	61.610	+0.130%	$229K	$432K	20x	as long as short