HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0365%/8h= −40.0% APRnext payment −$3.65 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.097%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$700as in the Funding arb table

Net, price: spread back to 7d avg − costs−$739as in the Price arb table

costs, in and out, $10k−$7367.359% of the position

Long on KuCoin Short on Bybit

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)+0.240%+$24 · spread now −0.097%, 7d avg −0.062%

Together, before fees+0.600%+$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.360%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HPEUSDTM	61.610	0.0365	pay 0.0365% / 8h	2h 54m	$229K	$432K	20x
Short	Bybit HPEUSDT	61.550	0	get 0.0000% / 8h	2h 54m	$319K	$193K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$76.65
Price spread: −0.097% → −0.062%: −$3.52
Slippage, 4 orders: −$712.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$816.11
Costs to cover: 7.359%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: 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 KuCoin live order book, 4 min ago	13.80 bp	251.2 bp −$251	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 50 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	61.538	−0.117%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.550	−0.097%	$467K	$4.5M	20x	as long as short
Bybit HPEUSDTshort	0.0000%	8h	61.550	−0.097%	$319K	$193K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.470	−0.227%	$202K	$370K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.540	−0.114%	$159K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.530	−0.130%	$952K	$358K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.534	−0.123%	$36K	$258K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.510	−0.162%	$739	$288K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.500	−0.179%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMlong	+0.0365%	8h	61.610	long leg	$229K	$432K	20x