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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0514%/8h= +56.2% APRpaid last 24h −0.061%
Price spread now: Hyperliquid against SunX−2.147%7-day average −2.244% · you buy dearer than you sell
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−0.656%−$66 on $10k
Price spread, last 3 days (all we have)−0.418%−$42 · spread now −2.147%, 7d avg −2.244%
Together, before fees−1.073%+ Points / potential airdropHyperliquid: Season 2 · farm board−$107 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.097% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −2.244%. Mind the row above: over the last 7 days funding on this pair cost −0.656%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HEMI-USDT0.0066600.0100pay 0.0050% / 4h3h 44m$2K$1.1M20x
ShortHyperliquid HEMI0.0065170.0614get 0.0077% / 1h44m 18s$1.0M$311K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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
$107.87
Price spread: −2.147% → −2.244%
$9.65
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$100.52
Costs to cover
0.170%
Break-even
0.5 days
Slippage unknown: SunX: live order book, 9 min ago; Hyperliquid: 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 SunX live order book, 9 min ago256.57 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.54 bp20.7 bp −$21doesn'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
BloFin HEMI-USDT+0.0044%4h0.006510−2.252%$352K$64K20xas long as short
Aster HEMIUSDT+0.0100%4h0.006503−2.360%$75K$38K5xas long as short
Binance HEMIUSDT+0.0100%4h0.006514−2.192%$6.4M$10.5M20xas long as short
Bybit HEMIUSDT+0.0100%4h0.006512−2.222%$1.7M$1.4M25xas long as short
Gate HEMI_USDT+0.0100%4h0.006512−2.222%$488K$249K20xas long as short
MEXC HEMI_USDT+0.0100%4h0.006510−2.252%$1.7M$287K50xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006518−2.132%$838K$1.7M20xas long as short
BingX HEMI-USDT+0.0100%4h0.006511−2.237%$1.3Mas long as short
Variational Omni HEMI+0.0100%4h0.006497−2.448%$23K$4Kas long as short
SunX HEMI-USDTlong+0.0100%4h0.006660long leg$2K$1.1M20x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended HEMI-USD+0.0104%1h0.006507−2.298%$17K$1165xas long as short
Hyperliquid HEMIshort+0.0614%1h0.006517−2.147%$1.0M$311K3x