Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.142%

Price spread now: Variational Omni against SunX−2.493%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 2.493% cheaper against SunX than usual: you would sell low and buy high, −$249 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HEMI-USDT	0.006483	0.0100	pay 0.0050% / 4h	40m 57s	$2K	$950K	20x
Short	Variational Omni HEMI	0.006321	0.0100	get 0.0050% / 4h	40m 57s	$22K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now −2.493%Rate

Funding earned: $0
Price spread: −2.493% → 0.000%: −$249.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$257.26
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Variational Omni: 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 SunX live order book, 6 min ago	253.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Hyperliquid HEMI	+0.0100%	1h	0.006341	−2.190%	$982K	$259K	3x	as long as short
Aster HEMIUSDT	+0.0100%	4h	0.006332	−2.335%	$74K	$22K	5x	as long as short
Binance HEMIUSDT	+0.0100%	4h	0.006332	−2.329%	$6.1M	$9.2M	20x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006330	−2.360%	$1.6M	$1.4M	25x	as long as short
Gate HEMI_USDT	+0.0100%	4h	0.006336	−2.267%	$486K	$223K	20x	as long as short
MEXC HEMI_USDT	+0.0100%	4h	0.006333	−2.314%	$1.5M	$246K	50x	as long as short
KuCoin HEMIUSDTM	+0.0100%	4h	0.006336	−2.267%	$784K	$1.7M	20x	as long as short
BingX HEMI-USDT	+0.0100%	4h	0.006332	−2.329%	—	$1.3M	—	as long as short
Variational Omni HEMIshort	+0.0100%	4h	0.006321	−2.493%	$22K	$4K	—
SunX HEMI-USDTlong	+0.0100%	4h	0.006483	long leg	$2K	$950K	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	0.006331	−2.338%	$16K	$1K	5x	as long as short
BloFin HEMI-USDT	+0.0140%	4h	0.006332	−2.329%	$343K	$59K	20x	as long as short