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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against MEXC+0.031%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.739% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.485%+$49 on $10k
Price spread, last 7 days+0.104%+$10 · spread now +0.031%, 7d avg +0.083%
Together, before fees+0.589%+ Points / potential airdropHyperliquid: Season 2 · farm board+$59 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: Hyperliquid is 0.051% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HEMI_USDT0.0064220.0100pay 0.0050% / 4h2h 38m$1.6M$281K50x
ShortHyperliquid HEMI0.0064240.0100get 0.0013% / 1h38m 10s$975K$268K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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
$0
Price spread: +0.031% → +0.083%
−$5.15
Slippage, 4 orders
−$56.86
Fee MEXC: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$79.01
Costs to cover
0.739%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.56 bp11.4 bp −$1150.0 bp −$500296.9 bp −$29.7K5939.3 bp −$2.97M
Sell Hyperliquid live order book, 47 min ago2.32 bp25.7 bp −$26doesn'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
Hyperliquid HEMIshort+0.0100%1h0.006424+0.031%$975K$268K3x
Aster HEMIUSDT+0.0100%4h0.006420−0.036%$74K$30K5xas long as short
Binance HEMIUSDT+0.0100%4h0.006424+0.033%$6.2M$10.2M20xas long as short
Bybit HEMIUSDT+0.0100%4h0.006420−0.031%$1.7M$1.4M25xas long as short
Gate HEMI_USDT+0.0100%4h0.006423+0.016%$491K$229K20xas long as short
MEXC HEMI_USDTlong+0.0100%4h0.006422long leg$1.6M$281K50x
KuCoin HEMIUSDTM+0.0100%4h0.0064220.000%$765K$1.6M20xas long as short
BingX HEMI-USDT+0.0100%4h0.006426+0.062%$1.3Mas long as short
Variational Omni HEMI+0.0100%4h0.006414−0.124%$22K$4Kas long as short
SunX HEMI-USDT+0.0100%4h0.006578+2.429%$2K$1.1M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended HEMI-USD+0.0104%1h0.006423+0.013%$17K$5165xas long as short
BloFin HEMI-USDT+0.0138%4h0.006423+0.016%$344K$65K20xas long as short