Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h −0.023%
Price spread now: BloFin against BingX−0.138%66s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 3 days (all we have)+0.351%+$35 · spread now −0.138%, 7d avg 0.000%
=Funding pays, the price is against you. BloFin is 0.138% cheaper against BingX than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of 0.000%). If the spread goes back, that is −$14 on $10k: about 8.9 days of funding at the current rate (+$2 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HEMI-USDT | 0.006529 | 0.0100 | pay 0.0050% / 4h | 3h 40m | — | $1.3M | — |
| Short | BloFin HEMI-USDT | 0.006520 | 0.0152 | get 0.0076% / 4h | 3h 40m | $351K | $63K | 20x |
BingX HEMI-USDT
BloFin HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.82
- Price spread: −0.138% → 0.000%
- −$13.77
- Slippage, 4 orders
- −$58.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.29
- Costs to cover
- 0.803%
- Break-even
- 60.9 days
Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 30 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 BingX live order book, 1 min ago | 3.83 bp | 20.7 bp −$21 | 77.0 bp −$770 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 2.32 bp | 21.5 bp −$21 | 56.2 bp −$562 | doesn't fit | doesn't fit |
HEMI on 12 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 HEMIUSDT | +0.0100% | 4h | 0.006522 | −0.113% | $75K | $38K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006529 | 0.000% | $6.5M | $10.5M | 20x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006527 | −0.031% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006525 | −0.061% | $489K | $250K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006528 | −0.015% | $1.7M | $287K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006527 | −0.031% | $843K | $1.7M | 20x | as long as short |
| BingX HEMI-USDTlong | +0.0100% | 4h | 0.006529 | long leg | — | $1.3M | — | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006514 | −0.230% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006678 | +2.282% | $2K | $1.1M | 20x | as long as short |
| Extended HEMI-USD | +0.0104% | 1h | 0.006526 | −0.040% | $17K | $116 | 5x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
Bybit HEMIUSDT
Gate HEMI_USDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDTshort | +0.0152% | 4h | 0.006520 | −0.138% | $351K | $63K | 20x | |
| Hyperliquid HEMI | +0.0637% | 1h | 0.006536 | +0.107% | $1.0M | $311K | 3x | as long as short |
Hyperliquid HEMI