HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0389%/8h= +42.6% APRnext payment +$3.89 per $10,000 · paid last 24h +0.065%

Price spread now: KuCoin against Gate+0.114%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$750as in the Funding arb table

Net, price: spread back to 7d avg − costs−$720as in the Price arb table

costs, in and out, $10k−$7267.260% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.114%, 7d avg +0.054%

Together, before fees−0.343%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and KuCoin is 0.060% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.245%, 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 -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.89 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	Gate HPE_USDT	61.350	0	get 0.0000% / 8h	7h 43m	$159K	$33K	20x
Short	KuCoin HPEUSDTM	61.420	0.0389	get 0.0389% / 8h	7h 43m	$226K	$402K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.114%Rate

Funding earned: $81.69
Price spread: +0.114% → +0.054%: $6.04
Slippage, 4 orders: −$698.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$638.24
Costs to cover: 7.260%
Break-even: 61.7 days

Slippage from Gate: live order book, 47 min ago; KuCoin: live order book, 50 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, 47 min ago	15.45 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	15.42 bp	272.6 bp −$273	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	61.342	−0.013%	$827	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.290	−0.098%	$455K	$4.4M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.350	0.000%	$318K	$184K	25x	as long as short
OKX HPE-USDT-SWAP	0.0000%	8h	61.350	0.000%	$206K	$366K	20x	as long as short
Gate HPE_USDTlong	0.0000%	8h	61.350	long leg	$159K	$33K	20x
Bitget HPEUSDT	0.0000%	8h	61.370	+0.033%	$951K	$351K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.325	−0.041%	$31K	$270K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.320	−0.049%	$738	$260K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.280	−0.114%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMshort	+0.0389%	8h	61.420	+0.114%	$226K	$402K	20x