You hit the nail on the head. There was a post by @bitrocker the other day that discussed how he moved BTC between exchanges using HIVE.
The cost was 3.9 cents versus $5 if he moved it on the BTC network.
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Yes, it's not really comparable at the moment. This is something that HIVE needs to capitalize on.
One thing to keep in mind though is the commission to sell btc for hive and then buy back btc with hive at the other exchange... plus the price you execute the trade at... I personally wouldn't recommend doing this if you are simply trying to move btc from one exchange to another.