Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.121%

Price spread now: MEXC against KuCoin0.000%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3183.181% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now 0.000%, 7d avg −0.025%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.025% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HEMIUSDTM	0.006452	0.0100	pay 0.0050% / 4h	22m 00s	$824K	$1.7M	20x
Short	MEXC HEMI_USDT	0.006452	0.0100	get 0.0050% / 4h	22m 00s	$1.7M	$289K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 KuCoinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.025%: $2.46
Slippage, 4 orders: −$298.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$315.63
Costs to cover: 3.181%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; MEXC: 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 KuCoin live order book, 4 min ago	9.27 bp	158.0 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.77 bp	12.8 bp −$13	53.8 bp −$538	303.0 bp −$30.3K	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
BloFin HEMI-USDT	+0.0065%	4h	0.006448	−0.062%	$351K	$65K	20x	as long as short
Aster HEMIUSDT	+0.0100%	4h	0.006451	−0.020%	$75K	$36K	5x	as long as short
Binance HEMIUSDT	+0.0100%	4h	0.006451	−0.015%	$6.3M	$10.4M	20x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006450	−0.031%	$1.7M	$1.4M	25x	as long as short
Gate HEMI_USDT	+0.0100%	4h	0.006453	+0.015%	$493K	$234K	20x	as long as short
MEXC HEMI_USDTshort	+0.0100%	4h	0.006452	0.000%	$1.7M	$289K	50x
KuCoin HEMIUSDTMlong	+0.0100%	4h	0.006452	long leg	$824K	$1.7M	20x
BingX HEMI-USDT	+0.0100%	4h	0.006452	0.000%	—	$1.3M	—	as long as short
Variational Omni HEMI	+0.0100%	4h	0.006476	+0.376%	$23K	$4K	—	as long as short
SunX HEMI-USDT	+0.0100%	4h	0.006598	+2.263%	$2K	$1.1M	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended HEMI-USD	+0.0104%	1h	0.006450	−0.035%	$17K	$516	5x	as long as short
Hyperliquid HEMI	+0.0596%	1h	0.006455	+0.046%	$1.0M	$309K	3x	as long as short