Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.39 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bybit+0.259%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1931.928% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now +0.259%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.295% dearer against Bybit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HEMIUSDT | 0.006570 | 0.0100 | pay 0.0050% / 4h | 14m 30s | $1.7M | $1.5M | 25x |
| Short | BloFin HEMI-USDT | 0.006587 | 0.0178 | get 0.0089% / 4h | 14m 30s | $366K | $57K | 20x |
Bybit HEMIUSDT
BloFin HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $16.28
- Price spread: +0.259% → −0.036%
- $29.49
- Slippage, 4 orders
- −$169.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$147
- Costs to cover
- 1.928%
- Break-even
- 70.2 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 21 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 Bybit live order book, 2 min ago | 1.52 bp | 79.8 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 3.81 bp | 23.6 bp −$24 | 73.0 bp −$730 | 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 | 0.006578 | +0.120% | $76K | $47K | 5x | as long as short |
| Bybit HEMIUSDTlong | +0.0100% | 4h | 0.006570 | long leg | $1.7M | $1.5M | 25x | |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006589 | +0.289% | $850K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006587 | +0.256% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006742 | +2.618% | $2K | $1.2M | 20x | as long as short |
| BloFin HEMI-USDTshort | +0.0178% | 4h | 0.006587 | +0.259% | $366K | $57K | 20x | |
| Binance HEMIUSDT | +0.0181% | 4h | 0.006575 | +0.069% | $6.6M | $10.8M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0182% | 4h | 0.006575 | +0.076% | $1.7M | $287K | 50x | as long as short |
| Extended HEMI-USD | +0.0184% | 1h | 0.006573 | +0.043% | $17K | — | 5x | as long as short |
| BingX HEMI-USDT | +0.0190% | 4h | 0.006579 | +0.137% | — | $1.4M | — | as long as short |
Aster HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Binance HEMIUSDT
MEXC HEMI_USDT
Extended HEMI-USD
BingX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0308% | 4h | 0.006587 | +0.259% | $515K | $285K | 20x | as long as short |
| Hyperliquid HEMI | +0.1000% | 1h | 0.006583 | +0.198% | $1.1M | $350K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI