Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.017%

Price spread now: Extended against Variational Omni−0.187%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.187% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 8.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HEMI	0.006564	0.0100	pay 0.0050% / 4h	3m 39s	$23K	$3K	—
Short	Extended HEMI-USD	0.006552	0.0176	get 0.0022% / 1h	3m 39s	$17K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.187%Rate

Funding earned: $15.96
Price spread: −0.187% → 0.000%: −$18.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.73
Costs to cover: 0.050%
Break-even: 10.4 days

Slippage unknown: Variational Omni: no order-book sample; Extended: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.006548	−0.246%	$75K	$48K	5x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006546	−0.280%	$1.7M	$1.5M	25x	as long as short
KuCoin HEMIUSDTM	+0.0100%	4h	0.006559	−0.082%	$845K	$1.7M	20x	as long as short
Variational Omni HEMIlong	+0.0100%	4h	0.006564	long leg	$23K	$3K	—
SunX HEMI-USDT	+0.0100%	4h	0.006701	+2.082%	$1K	$1.2M	20x	as long as short
Binance HEMIUSDT	+0.0171%	4h	0.006555	−0.149%	$6.6M	$10.6M	20x	as long as short
Extended HEMI-USDshort	+0.0176%	1h	0.006552	−0.187%	$17K	—	5x
MEXC HEMI_USDT	+0.0176%	4h	0.006553	−0.173%	$1.7M	$290K	50x	as long as short
BingX HEMI-USDT	+0.0180%	4h	0.006553	−0.173%	—	$1.4M	—	as long as short
BloFin HEMI-USDT	+0.0228%	4h	0.006561	−0.051%	$366K	$52K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HEMI_USDT	+0.0244%	4h	0.006551	−0.203%	$513K	$286K	20x	as long as short
Hyperliquid HEMI	+0.1079%	1h	0.006560	−0.066%	$1.1M	$342K	3x	as long as short