HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0417%/8h= −45.7% APRnext payment −$4.17 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against KuCoin+0.097%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$678as in the Funding arb table

Net, price: spread back to 7d avg − costs−$701as in the Price arb table

costs, in and out, $10k−$7147.140% of the position

Long on KuCoin Short on OKX

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)−0.122%−$12 · spread now +0.097%, 7d avg −0.031%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.128% dearer against KuCoin than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.031%): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 25 hours. 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	61.630	0.0417	pay 0.0417% / 8h	1h 52m	$226K	$441K	20x
Short	OKX HPE-USDT-SWAP	61.690	0	get 0.0000% / 8h	1h 52m	$206K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$87.57
Price spread: +0.097% → −0.031%: $12.82
Slippage, 4 orders: −$692.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$788.77
Costs to cover: 7.140%
Break-even: never at this rate

Slippage from KuCoin: live order book, 66 min ago; OKX: live order book, 53 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, 66 min ago	13.80 bp	251.2 bp −$251	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 53 min ago	8.94 bp	36.8 bp −$37	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	61.558	−0.117%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.556	−0.120%	$469K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.560	−0.114%	$319K	$194K	25x	as long as short
OKX HPE-USDT-SWAPshort	0.0000%	8h	61.690	+0.097%	$206K	$379K	20x
Gate HPE_USDT	0.0000%	8h	61.640	+0.016%	$159K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.550	−0.130%	$952K	$357K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.609	−0.034%	$31K	$262K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.580	−0.081%	$584	$282K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.760	+0.211%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMlong	+0.0417%	8h	61.630	long leg	$226K	$441K	20x