Funding you earn now, next payment 12:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against Bybit+0.046%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1831.834% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.046%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.067% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HEMIUSDT | 0.006556 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $1.7M | $1.5M | 25x |
| Short | MEXC HEMI_USDT | 0.006559 | 0.0148 | get 0.0074% / 4h | 3h 13m | $1.7M | $283K | 50x |
Bybit HEMIUSDT
MEXC HEMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $10.08
- Price spread: +0.046% → −0.021%
- $6.69
- Slippage, 4 orders
- −$164.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$166.65
- Costs to cover
- 1.834%
- Break-even
- 122.7 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago | 6.86 bp | 84.8 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.76 bp | 12.4 bp −$12 | 54.4 bp −$544 | 314.3 bp −$31.4K | 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 | 0.006551 | −0.076% | $72K | $50K | 5x | as long as short |
| Bybit HEMIUSDTlong | +0.0100% | 4h | 0.006556 | long leg | $1.7M | $1.5M | 25x | |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006562 | +0.092% | $524K | $317K | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006568 | +0.176% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006707 | +2.303% | $1K | $1.3M | 20x | as long as short |
| BingX HEMI-USDT | +0.0134% | 4h | 0.006556 | 0.000% | — | $1.4M | — | as long as short |
| MEXC HEMI_USDTshort | +0.0148% | 4h | 0.006559 | +0.046% | $1.7M | $283K | 50x | |
| Binance HEMIUSDT | +0.0151% | 4h | 0.006555 | −0.015% | $6.6M | $11.4M | 20x | as long as short |
| Extended HEMI-USD | +0.0152% | 1h | 0.006558 | +0.035% | $17K | — | 5x | as long as short |
| BloFin HEMI-USDT | +0.0199% | 4h | 0.006560 | +0.061% | $366K | $57K | 20x | as long as short |
Aster HEMIUSDT
Gate HEMI_USDT
Variational Omni HEMI
SunX HEMI-USDT
BingX HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USD
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HEMIUSDTM | +0.0344% | 4h | 0.006580 | +0.366% | $844K | $1.7M | 20x | as long as short |
| Hyperliquid HEMI | +0.0466% | 1h | 0.006559 | +0.046% | $1.0M | $406K | 3x | as long as short |
KuCoin HEMIUSDTM
Hyperliquid HEMI