Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.093%
Price spread now: Bybit against KuCoin−0.291%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$515as in the Funding arb table
Net, price: spread back to 7d avg − costs−$514as in the Price arb table
costs, in and out, $10k−$4844.845% of the position
Funding, last 7 days−0.300%−$30 on $10k
+Price spread, last 7 days+0.267%+$27 · spread now −0.291%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.296% cheaper against KuCoin than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006540 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $846K | $1.7M | 20x |
| Short | Bybit HEMIUSDT | 0.006521 | 0.0100 | get 0.0050% / 4h | 1h 35m | $1.7M | $1.5M | 25x |
KuCoin HEMIUSDTM
Bybit HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.291% → +0.006%
- −$29.63
- Slippage, 4 orders
- −$461.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$514.12
- Costs to cover
- 4.845%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 14.53 bp | 173.8 bp −$174 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.83 bp | 71.3 bp −$71 | 427.3 bp −$4,273 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HEMI-USDT | +0.0070% | 4h | 0.006528 | −0.183% | — | $1.4M | — | as long as short |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006525 | −0.223% | $73K | $41K | 5x | as long as short |
| Bybit HEMIUSDTshort | +0.0100% | 4h | 0.006521 | −0.291% | $1.7M | $1.5M | 25x | |
| KuCoin HEMIUSDTMlong | +0.0100% | 4h | 0.006540 | long leg | $846K | $1.7M | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006524 | −0.249% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006669 | +1.972% | $1K | $1.2M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0228% | 4h | 0.006527 | −0.199% | $1.7M | $285K | 50x | as long as short |
| Extended HEMI-USD | +0.0232% | 1h | 0.006526 | −0.211% | $17K | — | 5x | as long as short |
| Binance HEMIUSDT | +0.0234% | 4h | 0.006528 | −0.176% | $6.5M | $10.8M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0267% | 4h | 0.006535 | −0.076% | $361K | $57K | 20x | as long as short |
BingX HEMI-USDT
Aster HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
MEXC HEMI_USDT
Extended HEMI-USD
Binance HEMIUSDT
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0394% | 4h | 0.006534 | −0.092% | $507K | $284K | 20x | as long as short |
| Hyperliquid HEMI | +0.1273% | 1h | 0.006535 | −0.076% | $1.1M | $353K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI