Funding arb · Price arb /

HEMI

all HEMI markets

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 −0.020%

Price spread now: KuCoin against SunX−2.204%7-day average −2.301% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.994%−$99 on $10k

Price spread, last 3 days (all we have)−0.712%−$71 · spread now −2.204%, 7d avg −2.301%

Together, before fees−1.706%−$171 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: KuCoin is 0.096% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −2.301%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HEMI-USDT	0.006578	0.0100	pay 0.0050% / 4h	2h 21m	$2K	$1.1M	20x
Short	KuCoin HEMIUSDTM	0.006433	0.0100	get 0.0050% / 4h	2h 21m	$764K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee SunXbpFee KuCoinbpOrdersPrice spread, now −2.204%Rate

Funding earned: $0
Price spread: −2.204% → −2.301%: $9.62
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.38
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; KuCoin: live order book, 4 min ago. Net counts fees only.

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 SunX live order book, 1 min ago	248.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.00 bp	147.5 bp −$148	doesn't fit	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
Hyperliquid HEMI	+0.0100%	1h	0.006433	−2.204%	$976K	$268K	3x	as long as short
Aster HEMIUSDT	+0.0100%	4h	0.006430	−2.251%	$74K	$31K	5x	as long as short
Binance HEMIUSDT	+0.0100%	4h	0.006433	−2.205%	$6.3M	$10.2M	20x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006430	−2.250%	$1.7M	$1.4M	25x	as long as short
Gate HEMI_USDT	+0.0100%	4h	0.006434	−2.189%	$492K	$230K	20x	as long as short
MEXC HEMI_USDT	+0.0100%	4h	0.006433	−2.204%	$1.6M	$283K	50x	as long as short
KuCoin HEMIUSDTMshort	+0.0100%	4h	0.006433	−2.204%	$764K	$1.6M	20x
BingX HEMI-USDT	+0.0100%	4h	0.006432	−2.220%	—	$1.4M	—	as long as short
Variational Omni HEMI	+0.0100%	4h	0.006419	−2.421%	$22K	$4K	—	as long as short
SunX HEMI-USDTlong	+0.0100%	4h	0.006578	long leg	$2K	$1.1M	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended HEMI-USD	+0.0104%	1h	0.006432	−2.216%	$17K	$516	5x	as long as short
BloFin HEMI-USDT	+0.0145%	4h	0.006422	−2.372%	$346K	$65K	20x	as long as short