Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against BloFin−0.038%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$780.784% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)−0.176%−$18 · spread now −0.038%, 7d avg +0.014%
=Funding pays, the price is against you. Binance is 0.052% cheaper against BloFin than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 4.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.005% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HEMI-USDT | 0.006484 | 0.0063 | pay 0.0032% / 4h | 2h 49m | $357K | $60K | 20x |
| Short | Binance HEMIUSDT | 0.006482 | 0.0100 | get 0.0050% / 4h | 2h 49m | $6.4M | $10.8M | 20x |
BloFin HEMI-USDT
Binance HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $7.74
- Price spread: −0.038% → +0.014%
- −$5.17
- Slippage, 4 orders
- −$56.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$75.84
- Costs to cover
- 0.784%
- Break-even
- 75.6 days
Slippage from BloFin: live order book, 16 min ago; Binance: live order book, 6 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 BloFin live order book, 16 min ago | 1.52 bp | 13.8 bp −$14 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.77 bp | 23.0 bp −$23 | 89.1 bp −$891 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDTlong | +0.0063% | 4h | 0.006484 | long leg | $357K | $60K | 20x | |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006479 | −0.082% | $73K | $41K | 5x | as long as short |
| Binance HEMIUSDTshort | +0.0100% | 4h | 0.006482 | −0.038% | $6.4M | $10.8M | 20x | |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006477 | −0.108% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006475 | −0.139% | $481K | $260K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006481 | −0.046% | $1.7M | $285K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006482 | −0.031% | $839K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006481 | −0.046% | — | $1.3M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006481 | −0.046% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006631 | +2.267% | $1K | $1.2M | 20x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Gate HEMI_USDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HEMI-USD | +0.0104% | 1h | 0.006479 | −0.079% | $17K | $116 | 5x | as long as short |
| Hyperliquid HEMI | +0.0905% | 1h | 0.006488 | +0.062% | $1.0M | $349K | 3x | as long as short |
Extended HEMI-USD
Hyperliquid HEMI