Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.022%
Price spread now: Bybit against BingX−0.046%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2032.031% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.046%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.067% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HEMI-USDT | 0.006554 | 0.0180 | pay 0.0090% / 4h | 53m 47s | — | $1.4M | — |
| Short | Bybit HEMIUSDT | 0.006551 | 0.0100 | get 0.0050% / 4h | 53m 47s | $1.7M | $1.5M | 25x |
BingX HEMI-USDT
Bybit HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$16.8
- Price spread: −0.046% → +0.021%
- −$6.68
- Slippage, 4 orders
- −$182.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$226.62
- Costs to cover
- 2.031%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago | 3.08 bp | 19.9 bp −$20 | 83.2 bp −$832 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.33 bp | 88.6 bp −$89 | 440.6 bp −$4,406 | 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 | 0.006552 | −0.028% | $74K | $48K | 5x | as long as short |
| Bybit HEMIUSDTshort | +0.0100% | 4h | 0.006551 | −0.046% | $1.7M | $1.5M | 25x | |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006558 | +0.061% | $849K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006559 | +0.075% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006709 | +2.365% | $1K | $1.2M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0132% | 4h | 0.006565 | +0.168% | $367K | $57K | 20x | as long as short |
| Binance HEMIUSDT | +0.0176% | 4h | 0.006554 | 0.000% | $6.5M | $10.8M | 20x | as long as short |
| Extended HEMI-USD | +0.0176% | 1h | 0.006552 | −0.026% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0176% | 4h | 0.006555 | +0.015% | $1.7M | $283K | 50x | as long as short |
| BingX HEMI-USDTlong | +0.0180% | 4h | 0.006554 | long leg | — | $1.4M | — |
Aster HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USD
MEXC HEMI_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0294% | 4h | 0.006566 | +0.183% | $511K | $276K | 20x | as long as short |
| Hyperliquid HEMI | +0.0755% | 1h | 0.006561 | +0.107% | $1.1M | $347K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI