HPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0418%/8h= +45.8% APRnext payment +$4.18 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against OKX−0.016%7-day average +0.031% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$719as in the Price arb table

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

Long on OKX 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)+0.041%+$4 · spread now −0.016%, 7d avg +0.031%

Together, before fees−0.319%−$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.047% cheaper against OKX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.031%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). 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	OKX HPE-USDT-SWAP	61.690	0	get 0.0000% / 8h	1h 53m	$206K	$379K	20x
Short	KuCoin HPEUSDTM	61.680	0.0418	get 0.0418% / 8h	1h 53m	$227K	$441K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $87.78
Price spread: −0.016% → +0.031%: −$4.7
Slippage, 4 orders: −$692.02
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$630.95
Costs to cover: 7.140%
Break-even: 57.3 days

Slippage from OKX: live order book, 52 min ago; KuCoin: live order book, 65 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 OKX live order book, 52 min ago	8.94 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 65 min ago	13.80 bp	397.7 bp −$398	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	61.599	−0.148%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.603	−0.141%	$469K	$4.5M	20x	as long as short
Bybit HPEUSDT	0.0000%	8h	61.580	−0.178%	$319K	$194K	25x	as long as short
OKX HPE-USDT-SWAPlong	0.0000%	8h	61.690	long leg	$206K	$379K	20x
Gate HPE_USDT	0.0000%	8h	61.640	−0.081%	$159K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	61.590	−0.162%	$953K	$357K	20x	as long as short
Variational Omni HPE	0.0000%	8h	61.609	−0.131%	$31K	$262K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.580	−0.178%	$584	$282K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.760	+0.113%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTMshort	+0.0418%	8h	61.680	−0.016%	$227K	$441K	20x