Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.015%
Price spread now: BloFin against Bybit+0.170%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1711.707% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 3 days (all we have)+0.235%+$23 · spread now +0.170%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.203% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HEMIUSDT | 0.006468 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $1.7M | $1.4M | 25x |
| Short | BloFin HEMI-USDT | 0.006479 | 0.0139 | get 0.0069% / 4h | 1h 08m | $349K | $66K | 20x |
Bybit HEMIUSDT
BloFin HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $8.1
- Price spread: +0.170% → −0.033%
- $20.33
- Slippage, 4 orders
- −$147.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$142.3
- Costs to cover
- 1.707%
- Break-even
- 129.9 days
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 0.77 bp | 70.5 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.77 bp | 17.0 bp −$17 | 52.1 bp −$521 | 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 | 0.006470 | +0.030% | $75K | $32K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006473 | +0.077% | $6.3M | $10.3M | 20x | as long as short |
| Bybit HEMIUSDTlong | +0.0100% | 4h | 0.006468 | long leg | $1.7M | $1.4M | 25x | |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006473 | +0.077% | $495K | $232K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006477 | +0.139% | $1.7M | $287K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006478 | +0.155% | $828K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006472 | +0.062% | — | $1.3M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006463 | −0.075% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006622 | +2.381% | $1K | $1.1M | 20x | as long as short |
| Extended HEMI-USD | +0.0104% | 1h | 0.006474 | +0.098% | $17K | $516 | 5x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
Gate HEMI_USDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDTshort | +0.0139% | 4h | 0.006479 | +0.170% | $349K | $66K | 20x | |
| Hyperliquid HEMI | +0.0391% | 1h | 0.006483 | +0.232% | $1.0M | $293K | 3x | as long as short |
Hyperliquid HEMI