HIVE arbitrage explained
Right now Hive (HIVE) trades on 6 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.0532 and the highest bid on Bybit perp at $0.0534.
The widest HIVE perpetual spread is between Bitget and Bybit: long HIVE on Bitget at $0.0532 and short on Bybit at $0.0534 for +0.23% gross, or +0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HIVE route is to buy spot on Binance and short the perpetual on Bybit: +0.11% gross, -0.09% net, with +0.030% a day of funding on the short leg.
Spot–spot HIVE arbitrage (buy on Binance, withdraw, deposit and sell on MEXC) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small HIVE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: HIVE funding rates · HIVE spread charts · Hive price · arbitrage scanner for all coins.