Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against MEXC−0.046%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.046%, 7d avg +0.005%
=Funding pays, the price is against you. BingX is 0.051% cheaper against MEXC than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.005%). If the spread goes back, that is −$5 on $10k: about 14 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HEMI_USDT | 0.006532 | 0.0188 | pay 0.0094% / 4h | 1h 36m | $1.7M | $270K | 50x |
| Short | BingX HEMI-USDT | 0.006529 | 0.0200 | get 0.0100% / 4h | 1h 36m | — | $1.4M | — |
MEXC HEMI_USDT
BingX HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $2.52
- Price spread: −0.046% → +0.005%
- −$5.09
- Slippage, 4 orders
- −$64.1
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$84.68
- Costs to cover
- 0.821%
- Break-even
- 242.2 days
Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 10 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 MEXC live order book, 4 min ago | 0.76 bp | 12.7 bp −$13 | 54.2 bp −$542 | 297.8 bp −$29.8K | 7221.8 bp −$3.61M |
| Sell BingX live order book, 10 min ago | 6.14 bp | 28.4 bp −$28 | 87.0 bp −$870 | 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 | 0.006528 | −0.054% | $74K | $47K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006528 | −0.061% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006541 | +0.138% | $830K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006566 | +0.518% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006687 | +2.373% | $1K | $1.2M | 20x | as long as short |
| MEXC HEMI_USDTlong | +0.0188% | 4h | 0.006532 | long leg | $1.7M | $270K | 50x | |
| Binance HEMIUSDT | +0.0189% | 4h | 0.006530 | −0.031% | $6.6M | $11.1M | 20x | as long as short |
| Extended HEMI-USD | +0.0192% | 1h | 0.006530 | −0.026% | $17K | — | 5x | as long as short |
| BingX HEMI-USDTshort | +0.0200% | 4h | 0.006529 | −0.046% | — | $1.4M | — | |
| BloFin HEMI-USDT | +0.0200% | 4h | 0.006541 | +0.138% | $365K | $52K | 20x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USD
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0420% | 4h | 0.006541 | +0.138% | $511K | $298K | 20x | as long as short |
| Hyperliquid HEMI | +0.1249% | 1h | 0.006539 | +0.107% | $1.0M | $372K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI