Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.038%

Price spread now: Variational Omni against Binance−0.282%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.282% cheaper against Binance than usual: you would sell low and buy high, −$28 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	Binance HEMIUSDT	0.006455	0.0100	pay 0.0050% / 4h	1h 26m	$6.3M	$10.3M	20x
Short	Variational Omni HEMI	0.006437	0.0100	get 0.0050% / 4h	1h 26m	$23K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now −0.282%Rate

Funding earned: $0
Price spread: −0.282% → 0.000%: −$28.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.78 bp	19.7 bp −$20	140.9 bp −$1,409	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
Aster HEMIUSDT	+0.0100%	4h	0.006442	−0.198%	$74K	$31K	5x	as long as short
Binance HEMIUSDTlong	+0.0100%	4h	0.006455	long leg	$6.3M	$10.3M	20x
Bybit HEMIUSDT	+0.0100%	4h	0.006444	−0.169%	$1.7M	$1.4M	25x	as long as short
Gate HEMI_USDT	+0.0100%	4h	0.006443	−0.184%	$492K	$230K	20x	as long as short
MEXC HEMI_USDT	+0.0100%	4h	0.006454	−0.014%	$1.7M	$281K	50x	as long as short
KuCoin HEMIUSDTM	+0.0100%	4h	0.006443	−0.184%	$822K	$1.7M	20x	as long as short
BingX HEMI-USDT	+0.0100%	4h	0.006454	−0.014%	—	$1.3M	—	as long as short
Variational Omni HEMIshort	+0.0100%	4h	0.006437	−0.282%	$23K	$4K	—
SunX HEMI-USDT	+0.0100%	4h	0.006599	+2.233%	$1K	$1.1M	20x	as long as short
Extended HEMI-USD	+0.0104%	1h	0.006453	−0.023%	$17K	$516	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin HEMI-USDT	+0.0144%	4h	0.006449	−0.091%	$348K	$65K	20x	as long as short
Hyperliquid HEMI	+0.0432%	1h	0.006457	+0.033%	$1.0M	$283K	3x	as long as short