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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%
Price spread now: Hyperliquid against BingX+0.124%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$810.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.532%+$53 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.124%, 7d avg +0.076%
Together, before fees+0.519%+ Points / potential airdropHyperliquid: Season 2 · farm board+$52 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.048% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HEMI-USDT0.0064520.0100pay 0.0050% / 4h1h 56m$1.4M
ShortHyperliquid HEMI0.0064600.0100get 0.0013% / 1h56m 37s$1.0M$282K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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
$0
Price spread: +0.124% → +0.076%
$4.76
Slippage, 4 orders
−$61.75
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$76
Costs to cover
0.808%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Hyperliquid: live order book, 24 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 BingX live order book, 3 min ago3.11 bp23.1 bp −$2377.1 bp −$771doesn't fitdoesn't fit
Sell Hyperliquid live order book, 24 min ago2.33 bp16.0 bp −$16doesn't fitdoesn't fitdoesn't fit

HEMI on 12 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
BloFin HEMI-USDT+0.0078%4h0.006450−0.031%$348K$65K20xas long as short
Hyperliquid HEMIshort+0.0100%1h0.006460+0.124%$1.0M$282K3x
Aster HEMIUSDT+0.0100%4h0.006450−0.032%$75K$31K5xas long as short
Binance HEMIUSDT+0.0100%4h0.0064520.000%$6.3M$10.2M20xas long as short
Bybit HEMIUSDT+0.0100%4h0.006450−0.031%$1.7M$1.4M25xas long as short
Gate HEMI_USDT+0.0100%4h0.006449−0.046%$493K$229K20xas long as short
MEXC HEMI_USDT+0.0100%4h0.006453+0.015%$1.7M$277K50xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006450−0.031%$768K$1.6M20xas long as short
BingX HEMI-USDTlong+0.0100%4h0.006452long leg$1.4M
Variational Omni HEMI+0.0100%4h0.006438−0.213%$23K$4Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX HEMI-USDT+0.0100%4h0.006593+2.185%$2K$1.1M20xas long as short
Extended HEMI-USD+0.0104%1h0.006453+0.014%$17K$5165xas long as short