Funding you earn now, next payment 12:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.86 per $10,000 · paid last 24h +0.008%
Price spread now: KuCoin against BloFin+0.397%80s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5095.092% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)−1.687%−$169 · spread now +0.397%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.354% dearer against BloFin than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HEMI-USDT | 0.006550 | 0.0174 | pay 0.0087% / 4h | 2h 57m | $365K | $53K | 20x |
| Short | KuCoin HEMIUSDTM | 0.006576 | 0.0346 | get 0.0173% / 4h | 2h 57m | $845K | $1.7M | 20x |
BloFin HEMI-USDT
KuCoin HEMIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $36.21
- Price spread: +0.397% → +0.043%
- $35.4
- Slippage, 4 orders
- −$485.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$437.62
- Costs to cover
- 5.092%
- Break-even
- 91.6 days
Slippage from BloFin: live order book, 12 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 12 min ago | 1.52 bp | 18.9 bp −$19 | 79.5 bp −$795 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 12.16 bp | 239.3 bp −$239 | doesn't fit | 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 | 0.006550 | 0.000% | $72K | $50K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006550 | 0.000% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006554 | +0.061% | $523K | $298K | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006555 | +0.073% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006698 | +2.260% | $1K | $1.3M | 20x | as long as short |
| Binance HEMIUSDT | +0.0158% | 4h | 0.006556 | +0.094% | $6.6M | $11.2M | 20x | as long as short |
| Extended HEMI-USD | +0.0160% | 1h | 0.006556 | +0.092% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0162% | 4h | 0.006555 | +0.076% | $1.7M | $273K | 50x | as long as short |
| BingX HEMI-USDT | +0.0168% | 4h | 0.006554 | +0.061% | — | $1.4M | — | as long as short |
| BloFin HEMI-USDTlong | +0.0174% | 4h | 0.006550 | long leg | $365K | $53K | 20x |
Aster HEMIUSDT
Bybit HEMIUSDT
Gate HEMI_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HEMIUSDTMshort | +0.0346% | 4h | 0.006576 | +0.397% | $845K | $1.7M | 20x | |
| Hyperliquid HEMI | +0.0656% | 1h | 0.006560 | +0.153% | $1.0M | $404K | 3x | as long as short |
Hyperliquid HEMI