Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.064%
Price spread now: Binance against Gate−0.030%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.030%, 7d avg −0.052%
=The price spread pays, funding is against you. Binance is 0.022% dearer against Gate than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.052%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HEMI_USDT | 0.006562 | 0.0244 | pay 0.0122% / 4h | 2h 03m | $509K | $292K | 20x |
| Short | Binance HEMIUSDT | 0.006560 | 0.0170 | get 0.0085% / 4h | 2h 03m | $6.5M | $10.9M | 20x |
Gate HEMI_USDT
Binance HEMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.59
- Price spread: −0.030% → −0.052%
- $2.16
- Slippage, 4 orders
- −$82.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$120.71
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from Gate: live order book, 63 min ago; Binance: live order book, 7 min ago.
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 Gate live order book, 63 min ago | 7.62 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.76 bp | 23.6 bp −$24 | 92.6 bp −$926 | doesn't fit | doesn't fit |
HEMI on 11 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 | 0.006556 | −0.091% | $74K | $41K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006553 | −0.137% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006567 | +0.076% | $851K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006568 | +0.089% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006713 | +2.301% | $1K | $1.2M | 20x | as long as short |
| BingX HEMI-USDT | +0.0164% | 4h | 0.006556 | −0.091% | — | $1.4M | — | as long as short |
| Extended HEMI-USD | +0.0168% | 1h | 0.006566 | +0.059% | $17K | — | 5x | as long as short |
| Binance HEMIUSDTshort | +0.0170% | 4h | 0.006560 | −0.030% | $6.5M | $10.9M | 20x | |
| MEXC HEMI_USDT | +0.0170% | 4h | 0.006564 | +0.030% | $1.7M | $290K | 50x | as long as short |
| Gate HEMI_USDTlong | +0.0244% | 4h | 0.006562 | long leg | $509K | $292K | 20x |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BingX HEMI-USDT
Extended HEMI-USD
MEXC HEMI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HEMI | +0.0880% | 1h | 0.006565 | +0.046% | $1.1M | $349K | 3x | as long as short |
Hyperliquid HEMI