Funding you earn now, next payment 08:00 UTC+0.0306%/8h= +33.5% APRnext payment +$1.53 per $10,000 · paid last 24h −0.006%
Price spread now: Gate against KuCoin−0.198%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$432as in the Funding arb table
Net, price: spread back to 7d avg − costs−$455as in the Price arb table
costs, in and out, $10k−$4324.317% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.198%, 7d avg +0.034%
=Funding pays, the price is against you. Gate is 0.232% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.034%). If the spread goes back, that is −$23 on $10k: about 2.5 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.002% in total) that is about years.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006555 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $832K | $1.7M | 20x |
| Short | Gate HEMI_USDT | 0.006542 | 0.0406 | get 0.0203% / 4h | 1h 35m | $511K | $298K | 20x |
KuCoin HEMIUSDTM
Gate HEMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $64.26
- Price spread: −0.198% → +0.034%
- −$23.18
- Slippage, 4 orders
- −$404.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$390.62
- Costs to cover
- 4.317%
- Break-even
- 49.6 days
Slippage from KuCoin: live order book, 1 min ago; Gate: 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, 1 min ago | 13.74 bp | 198.7 bp −$199 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 7.61 bp | 40.1 bp −$40 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006536 | −0.294% | $74K | $47K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006532 | −0.351% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTMlong | +0.0100% | 4h | 0.006555 | long leg | $832K | $1.7M | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006530 | −0.384% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006680 | +1.907% | $1K | $1.2M | 20x | as long as short |
| Extended HEMI-USD | +0.0184% | 1h | 0.006535 | −0.301% | $17K | — | 5x | as long as short |
| Binance HEMIUSDT | +0.0184% | 4h | 0.006532 | −0.351% | $6.6M | $11.1M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0188% | 4h | 0.006533 | −0.336% | $1.7M | $270K | 50x | as long as short |
| BloFin HEMI-USDT | +0.0188% | 4h | 0.006538 | −0.259% | $365K | $52K | 20x | as long as short |
| BingX HEMI-USDT | +0.0198% | 4h | 0.006533 | −0.336% | — | $1.4M | — | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USD
Binance HEMIUSDT
MEXC HEMI_USDT
BloFin HEMI-USDT
BingX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDTshort | +0.0406% | 4h | 0.006542 | −0.198% | $511K | $298K | 20x | |
| Hyperliquid HEMI | +0.1243% | 1h | 0.006541 | −0.214% | $1.0M | $372K | 3x | as long as short |
Hyperliquid HEMI