Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against BloFin+0.138%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$2001.999% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.456%−$46 · spread now +0.138%, 7d avg +0.035%
=The price spread pays, funding is against you. Bybit is 0.103% dearer against BloFin than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.035%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HEMI-USDT | 0.006539 | 0.0135 | pay 0.0067% / 4h | 2h 22m | $368K | $52K | 20x |
| Short | Bybit HEMIUSDT | 0.006548 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.7M | $1.5M | 25x |
BloFin HEMI-USDT
Bybit HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$7.27
- Price spread: +0.138% → +0.035%
- $10.28
- Slippage, 4 orders
- −$176.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$196.86
- Costs to cover
- 1.999%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 2.29 bp | 17.3 bp −$17 | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.06 bp | 81.0 bp −$81 | 431.5 bp −$4,315 | 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 | 0.006532 | −0.107% | $75K | $46K | 5x | as long as short |
| Bybit HEMIUSDTshort | +0.0100% | 4h | 0.006548 | +0.138% | $1.7M | $1.5M | 25x | |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006544 | +0.076% | $831K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006529 | −0.154% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006682 | +2.187% | $2K | $1.2M | 20x | as long as short |
| BloFin HEMI-USDTlong | +0.0135% | 4h | 0.006539 | long leg | $368K | $52K | 20x | |
| Binance HEMIUSDT | +0.0173% | 4h | 0.006548 | +0.137% | $6.6M | $11.0M | 20x | as long as short |
| Extended HEMI-USD | +0.0176% | 1h | 0.006544 | +0.081% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0176% | 4h | 0.006546 | +0.107% | $1.7M | $281K | 50x | as long as short |
| BingX HEMI-USDT | +0.0189% | 4h | 0.006547 | +0.122% | — | $1.4M | — | as long as short |
Aster HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USD
MEXC HEMI_USDT
BingX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0338% | 4h | 0.006543 | +0.061% | $510K | $291K | 20x | as long as short |
| Hyperliquid HEMI | +0.1297% | 1h | 0.006551 | +0.184% | $1.0M | $369K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI