Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.067%
Price spread now: Bybit against Gate−0.138%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1861.857% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.138%, 7d avg −0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.101% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HEMI_USDT | 0.006528 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $483K | $267K | 20x |
| Short | Bybit HEMIUSDT | 0.006519 | 0.0100 | get 0.0050% / 4h | 2h 32m | $1.7M | $1.5M | 25x |
Gate HEMI_USDT
Bybit HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $0
- Price spread: −0.138% → −0.037%
- −$10.09
- Slippage, 4 orders
- −$159.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$195.78
- Costs to cover
- 1.857%
- Break-even
- never at this rate
Slippage from Gate: live order book, 33 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 Gate live order book, 33 min ago | 7.62 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.36 bp | 55.2 bp −$55 | 412.8 bp −$4,128 | doesn't fit | doesn't fit |
HEMI on 11 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 | 0.006514 | −0.214% | $73K | $41K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006525 | −0.043% | $6.5M | $10.9M | 20x | as long as short |
| Bybit HEMIUSDTshort | +0.0100% | 4h | 0.006519 | −0.138% | $1.7M | $1.5M | 25x | |
| Gate HEMI_USDTlong | +0.0100% | 4h | 0.006528 | long leg | $483K | $267K | 20x | |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006521 | −0.107% | $1.7M | $287K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006527 | −0.015% | $843K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006527 | −0.015% | — | $1.4M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006533 | +0.076% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006670 | +2.175% | $1K | $1.2M | 20x | as long as short |
| Extended HEMI-USD | +0.0104% | 1h | 0.006515 | −0.194% | $17K | — | 5x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HEMI | +0.0811% | 1h | 0.006533 | +0.077% | $1.0M | $350K | 3x | as long as short |
Hyperliquid HEMI