Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.60 per $10,000 · paid last 24h −0.033%
Price spread now: BingX against KuCoin−0.061%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$427as in the Funding arb table
Net, price: spread back to 7d avg − costs−$411as in the Price arb table
costs, in and out, $10k−$4064.064% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.061%, 7d avg −0.014%
=Funding pays, the price is against you. BingX is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006557 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $831K | $1.7M | 20x |
| Short | BingX HEMI-USDT | 0.006553 | 0.0220 | get 0.0110% / 4h | 2h 35m | — | $1.4M | — |
KuCoin HEMIUSDTM
BingX HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $25.2
- Price spread: −0.061% → −0.014%
- −$4.69
- Slippage, 4 orders
- −$384.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$385.9
- Costs to cover
- 4.064%
- Break-even
- 114.2 days
Slippage from KuCoin: live order book, 5 min ago; BingX: 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 KuCoin live order book, 5 min ago | 19.03 bp | 164.8 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 5.33 bp | 20.0 bp −$20 | 39.1 bp −$391 | 663.0 bp −$66.3K | 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 | 0.006550 | −0.107% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTMlong | +0.0100% | 4h | 0.006557 | long leg | $831K | $1.7M | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006543 | −0.214% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006684 | +1.937% | $2K | $1.2M | 20x | as long as short |
| Aster HEMIUSDT | +0.0127% | 4h | 0.006538 | −0.288% | $75K | $46K | 5x | as long as short |
| BloFin HEMI-USDT | +0.0151% | 4h | 0.006576 | +0.290% | $371K | $52K | 20x | as long as short |
| Gate HEMI_USDT | +0.0164% | 4h | 0.006546 | −0.168% | $509K | $289K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0204% | 4h | 0.006550 | −0.107% | $1.7M | $280K | 50x | as long as short |
| Binance HEMIUSDT | +0.0205% | 4h | 0.006552 | −0.072% | $6.7M | $11.0M | 20x | as long as short |
| Extended HEMI-USD | +0.0208% | 1h | 0.006540 | −0.257% | $17K | — | 5x | as long as short |
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
Aster HEMIUSDT
BloFin HEMI-USDT
Gate HEMI_USDT
MEXC HEMI_USDT
Binance HEMIUSDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HEMI-USDTshort | +0.0220% | 4h | 0.006553 | −0.061% | — | $1.4M | — | |
| Hyperliquid HEMI | +0.1193% | 1h | 0.006561 | +0.061% | $1.0M | $368K | 3x | as long as short |
Hyperliquid HEMI