Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.045%
Price spread now: BingX against Gate−0.121%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1221.223% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.121%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.056% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HEMI_USDT | 0.006604 | 0.0310 | pay 0.0155% / 4h | 22m 04s | $517K | $284K | 20x |
| Short | BingX HEMI-USDT | 0.006596 | 0.0180 | get 0.0090% / 4h | 22m 04s | — | $1.4M | — |
Gate HEMI_USDT
BingX HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$27.3
- Price spread: −0.121% → −0.066%
- −$5.56
- Slippage, 4 orders
- −$97.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$155.2
- Costs to cover
- 1.223%
- Break-even
- never at this rate
Slippage from Gate: live order book, 34 min ago; BingX: live order book, 9 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, 34 min ago | 3.05 bp | 40.5 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.04 bp | 22.4 bp −$22 | 82.8 bp −$828 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006592 | −0.177% | $76K | $47K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006594 | −0.151% | $1.8M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006609 | +0.076% | $852K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006554 | −0.753% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006757 | +2.317% | $1K | $1.2M | 20x | as long as short |
| BingX HEMI-USDTshort | +0.0180% | 4h | 0.006596 | −0.121% | — | $1.4M | — | |
| Extended HEMI-USD | +0.0184% | 1h | 0.006597 | −0.103% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0186% | 4h | 0.006594 | −0.151% | $1.7M | $287K | 50x | as long as short |
| Binance HEMIUSDT | +0.0187% | 4h | 0.006598 | −0.092% | $6.6M | $10.9M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0234% | 4h | 0.006618 | +0.212% | $368K | $57K | 20x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USD
MEXC HEMI_USDT
Binance HEMIUSDT
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDTlong | +0.0310% | 4h | 0.006604 | long leg | $517K | $284K | 20x | |
| Hyperliquid HEMI | +0.0989% | 1h | 0.006603 | −0.015% | $1.1M | $350K | 3x | as long as short |
Hyperliquid HEMI