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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRnext payment $0.53 per $10,000 · paid last 24h +0.109%
Price spread now: SunX against Binance+2.167%7-day average +2.309% · 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+1.099%+$110 on $10k
Price spread, last 3 days (all we have)+0.313%+$31 · spread now +2.167%, 7d avg +2.309%
Together, before fees+1.412%+$141 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 0.141% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +2.309%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.099%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HEMIUSDT0.0065570.0206pay 0.0103% / 4h1h 53m$6.5M$10.8M20x
ShortSunX HEMI-USDT0.0066990.0100get 0.0050% / 4h1h 53m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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
−$22.26
Price spread: +2.167% → +2.309%
−$14.15
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$54.41
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 2 min ago; SunX: live order book, 10 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 Binance live order book, 2 min ago0.76 bp21.0 bp −$21147.2 bp −$1,472doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago242.45 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

HEMI on 11 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
BingX HEMI-USDT+0.0070%4h0.006561+0.063%$1.4Mas long as short
Aster HEMIUSDT+0.0100%4h0.006553−0.057%$74K$41K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006552−0.075%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006559+0.032%$849K$1.7M20xas long as short
Variational Omni HEMI+0.0100%4h0.006586+0.450%$23K$3Kas long as short
SunX HEMI-USDTshort+0.0100%4h0.006699+2.167%$2K$1.2M20x
Binance HEMIUSDTlong+0.0206%4h0.006557long leg$6.5M$10.8M20x
Extended HEMI-USD+0.0208%1h0.006555−0.035%$17K5xas long as short
MEXC HEMI_USDT+0.0212%4h0.006557+0.002%$1.7M$283K50xas long as short
Gate HEMI_USDT+0.0310%4h0.006556−0.014%$509K$281K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid HEMI+0.1183%1h0.006559+0.032%$1.1M$349K3xas long as short