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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.42 per $10,000 · paid last 24h +0.052%
Price spread now: SunX against BingX+2.221%7-day average +2.318% · you sell dearer than you buy
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+1.064%+$106 on $10k
Price spread, last 4 days (all we have)+0.305%+$30 · spread now +2.221%, 7d avg +2.318%
Together, before fees+1.369%+$137 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.098% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +2.318%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.064%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HEMI-USDT0.0066200.0184pay 0.0092% / 4h1h 00m$1.4M
ShortSunX HEMI-USDT0.0067670.0100get 0.0050% / 4h1h 00m$1K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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
−$17.64
Price spread: +2.221% → +2.318%
−$9.78
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$45.42
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 1 min ago; SunX: live order book, 3 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 BingX live order book, 1 min ago3.02 bp20.6 bp −$2179.3 bp −$793doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago230.88 bpdoesn't fitdoesn'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
Aster HEMIUSDT+0.0100%4h0.006618−0.036%$75K$48K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006614−0.091%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006623+0.045%$841K$1.7M20xas long as short
Variational Omni HEMI+0.0100%4h0.006618−0.025%$23K$3Kas long as short
SunX HEMI-USDTshort+0.0100%4h0.006767+2.221%$1K$1.3M20x
MEXC HEMI_USDT+0.0172%4h0.006622+0.030%$1.8M$280K50xas long as short
Binance HEMIUSDT+0.0174%4h0.006623+0.051%$6.7M$11.2M20xas long as short
Extended HEMI-USD+0.0176%1h0.0066200.000%$17K5xas long as short
BingX HEMI-USDTlong+0.0184%4h0.006620long leg$1.4M
BloFin HEMI-USDT+0.0201%4h0.006630+0.151%$369K$54K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEMI_USDT+0.0310%4h0.006623+0.045%$517K$305K20xas long as short
Hyperliquid HEMI+0.1240%1h0.006633+0.196%$1.1M$374K3xas long as short