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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0202%/8h= +22.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against BingX+0.140%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$3013.013% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.213%+$21 on $10k
Price spread, last 7 days−0.153%−$15 · spread now +0.140%, 7d avg +0.020%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.120% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HEMI-USDT0.0064410.0100pay 0.0050% / 4h1h 30m$1.4M
ShortKuCoin HEMIUSDTM0.0064500.0302get 0.0151% / 4h1h 30m$856K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$42.42
Price spread: +0.140% → +0.020%
$12
Slippage, 4 orders
−$279.32
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$246.9
Costs to cover
3.013%
Break-even
47.7 days
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 8 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, 8 min ago3.88 bp21.4 bp −$2175.9 bp −$759doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago16.26 bp137.9 bp −$138doesn't fitdoesn't fitdoesn't fit

HEMI on 12 exchanges

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+0.0089%4h0.006445+0.062%$365K$56K20xas long as short
Aster HEMIUSDT+0.0100%4h0.006432−0.134%$71K$45K5xas long as short
Binance HEMIUSDT+0.0100%4h0.006441−0.001%$6.4M$10.9M20xas long as short
Bybit HEMIUSDT+0.0100%4h0.006435−0.093%$1.7M$1.5M25xas long as short
Gate HEMI_USDT+0.0100%4h0.0064410.000%$523K$309K20xas long as short
MEXC HEMI_USDT+0.0100%4h0.006440−0.016%$1.6M$273K50xas long as short
BingX HEMI-USDTlong+0.0100%4h0.006441long leg$1.4M
Variational Omni HEMI+0.0100%4h0.006432−0.134%$22K$3Kas long as short
SunX HEMI-USDT+0.0100%4h0.006587+2.267%$1K$1.3M20xas long as short
Extended HEMI-USD+0.0104%1h0.006438−0.047%$17K5xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HEMIUSDTMshort+0.0302%4h0.006450+0.140%$856K$1.7M20x
Hyperliquid HEMI+0.0737%1h0.006446+0.078%$997K$398K3xas long as short