Settings8H · net · $10k
Funding arb · Price arb /

HEI

all HEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1204%/8h= +131.9% APRnext payment +$6.02 per $10,000 · paid last 24h +0.335%
Price spread now: BingX against Binance−0.132%7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.224%+$122 on $10k
Price spread, last 7 days+0.198%+$20 · spread now −0.132%, 7d avg +0.092%
Together, before fees+1.422%+$142 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.224% cheaper against Binance than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.092%). If the spread goes back, that is −$22 on $10k: about 15 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+1.224% in total) that is about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HEIUSDT0.15220.0160pay 0.0080% / 4h14m 48s$3.6M$6.3M10x
ShortBingX HEI-USDT0.15200.1364get 0.0682% / 4h14m 48s$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Funding earned
$252.92
Price spread: −0.132% → +0.092%
−$22.43
Slippage, 4 orders
−$83.22
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$127.28
Costs to cover
1.032%
Break-even
3.5 days
Slippage from Binance: live order book, 9 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago0.99 bp26.9 bp −$27237.4 bp −$2,374doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.60 bp25.9 bp −$26108.9 bp −$1,089487.2 bp −$48.7K732.6 bp −$366.3K

HEI on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEI_USDT+0.0100%4h0.1522−0.040%$273K$492K10xas long as short
KuCoin HEIUSDTM+0.0100%4h0.1522−0.020%$888K$331K10xas long as short
Variational Omni HEI+0.0100%4h0.1521−0.095%$14K$1as long as short
Binance HEIUSDTlong+0.0160%4h0.1522long leg$3.6M$6.3M10x
MEXC HEI_USDT+0.0166%4h0.1521−0.086%$1.8M$408K20xas long as short
edgeX HEIUSDC+0.0182%4h0.1520−0.120%$13K$257K10xas long as short
Aster HEIUSDT+0.0277%4h0.1520−0.138%$19K$63K5xas long as short
Bybit HEIUSDT+0.1359%4h0.1522−0.053%$1.4M$607K5xas long as short
BingX HEI-USDTshort+0.1364%4h0.1520−0.132%$1.3M