Settings8H · net · $10k
Funding arb · Price arb /

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0246%/8h= −26.9% APRnext payment $1.23 per $10,000 · paid last 24h −0.007%
Price spread now: SunX against KuCoin+1.855%7-day average +2.280% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.814%+$81 on $10k
Price spread, last 4 days (all we have)+1.681%+$168 · spread now +1.855%, 7d avg +2.280%
Together, before fees+2.495%+$249 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.424% cheaper against KuCoin than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +2.280%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.814%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HEMIUSDTM0.0065760.0346pay 0.0173% / 4h2h 57m$845K$1.7M20x
ShortSunX HEMI-USDT0.0066980.0100get 0.0050% / 4h2h 57m$1K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$51.66
Price spread: +1.855% → +2.280%
−$42.44
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$114.1
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 8 min ago; SunX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 8 min ago12.16 bp234.1 bp −$234doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 6 min ago234.25 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

HEMI on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HEMIUSDT+0.0100%4h0.006550−0.395%$72K$50K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006550−0.395%$1.7M$1.5M25xas long as short
Gate HEMI_USDT+0.0100%4h0.006554−0.335%$523K$298K20xas long as short
Variational Omni HEMI+0.0100%4h0.006555−0.323%$23K$3Kas long as short
SunX HEMI-USDTshort+0.0100%4h0.006698+1.855%$1K$1.3M20x
Binance HEMIUSDT+0.0158%4h0.006556−0.302%$6.6M$11.2M20xas long as short
Extended HEMI-USD+0.0160%1h0.006556−0.304%$17K5xas long as short
MEXC HEMI_USDT+0.0162%4h0.006555−0.319%$1.7M$273K50xas long as short
BingX HEMI-USDT+0.0168%4h0.006554−0.335%$1.4Mas long as short
BloFin HEMI-USDT+0.0174%4h0.006550−0.395%$365K$53K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HEMIUSDTMlong+0.0346%4h0.006576long leg$845K$1.7M20x
Hyperliquid HEMI+0.0656%1h0.006560−0.243%$1.0M$404K3xas long as short