Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin+0.061%49s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as 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−$700.696% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.705%−$71 · spread now +0.061%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 49 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 | 0.006558 | 0.0164 | pay 0.0082% / 4h | 3h 52m | $365K | $52K | 20x |
| Short | MEXC HEMI_USDT | 0.006562 | 0.0176 | get 0.0088% / 4h | 3h 52m | $1.8M | $276K | 50x |
BloFin HEMI-USDT
MEXC HEMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $2.62
- Price spread: +0.061% → +0.010%
- $5.12
- Slippage, 4 orders
- −$49.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$61.85
- Costs to cover
- 0.696%
- Break-even
- 172.5 days
Slippage from BloFin: live order book, 43 min ago; MEXC: 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, 43 min ago | 3.81 bp | 19.4 bp −$19 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.76 bp | 13.0 bp −$13 | 52.5 bp −$525 | 289.1 bp −$28.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006560 | +0.030% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006559 | +0.015% | $845K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006541 | −0.254% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006709 | +2.303% | $1K | $1.2M | 20x | as long as short |
| Aster HEMIUSDT | +0.0105% | 4h | 0.006556 | −0.030% | $76K | $48K | 5x | as long as short |
| BloFin HEMI-USDTlong | +0.0164% | 4h | 0.006558 | long leg | $365K | $52K | 20x | |
| Extended HEMI-USD | +0.0176% | 1h | 0.006559 | +0.013% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDTshort | +0.0176% | 4h | 0.006562 | +0.061% | $1.8M | $276K | 50x | |
| Binance HEMIUSDT | +0.0177% | 4h | 0.006563 | +0.076% | $6.6M | $10.6M | 20x | as long as short |
| BingX HEMI-USDT | +0.0182% | 4h | 0.006561 | +0.046% | — | $1.4M | — | as long as short |
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Aster HEMIUSDT
Extended HEMI-USD
Binance HEMIUSDT
BingX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0270% | 4h | 0.006559 | +0.015% | $514K | $272K | 20x | as long as short |
| Hyperliquid HEMI | +0.1272% | 1h | 0.006566 | +0.122% | $1.1M | $341K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI