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 Gate perp at $0.0545 and the highest bid on Bybit perp at $0.0546.
The widest HIVE perpetual spread is between Bitget and Bybit: long HIVE on Bitget at $0.0545 and short on Bybit at $0.0546 for +0.18% gross, or +0.02% 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 -0.076% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HIVE route is to buy spot on Gate and short the perpetual on Bybit: +0.02% gross, -0.18% net, with -0.058% a day of funding on the short leg.
Spot–spot HIVE arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.11% 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.