Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%

Price spread now: Variational Omni against Gate−0.239%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.239% cheaper against Gate than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HEMI_USDT	0.006479	0.0100	pay 0.0050% / 4h	2h 55m	$482K	$257K	20x
Short	Variational Omni HEMI	0.006463	0.0100	get 0.0050% / 4h	2h 55m	$23K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → 0.000%: −$23.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.93
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 10 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 10 min ago	7.62 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.006471	−0.120%	$73K	$41K	5x	as long as short
Binance HEMIUSDT	+0.0100%	4h	0.006469	−0.162%	$6.4M	$10.8M	20x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006466	−0.201%	$1.7M	$1.5M	25x	as long as short
Gate HEMI_USDTlong	+0.0100%	4h	0.006479	long leg	$482K	$257K	20x
MEXC HEMI_USDT	+0.0100%	4h	0.006475	−0.062%	$1.7M	$284K	50x	as long as short
KuCoin HEMIUSDTM	+0.0100%	4h	0.006481	+0.031%	$839K	$1.7M	20x	as long as short
BingX HEMI-USDT	+0.0100%	4h	0.006471	−0.123%	—	$1.3M	—	as long as short
Variational Omni HEMIshort	+0.0100%	4h	0.006463	−0.239%	$23K	$4K	—
SunX HEMI-USDT	+0.0100%	4h	0.006613	+2.068%	$1K	$1.2M	20x	as long as short
Extended HEMI-USD	+0.0104%	1h	0.006466	−0.197%	$17K	$116	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin HEMI-USDT	+0.0141%	4h	0.006510	+0.478%	$356K	$60K	20x	as long as short
Hyperliquid HEMI	+0.0913%	1h	0.006478	−0.015%	$1.0M	$346K	3x	as long as short