HEMI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0212%/8h= +23.2% APRnext payment +$1.06 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against Gate−0.031%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$406as in the Funding arb table

Net, price: spread back to 7d avg − costs−$403as in the Price arb table

costs, in and out, $10k−$4024.020% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.031%, 7d avg −0.025%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HEMI_USDT	0.006444	0.0100	pay 0.0050% / 4h	1h 48m	$523K	$306K	20x
Short	KuCoin HEMIUSDTM	0.006442	0.0312	get 0.0156% / 4h	1h 48m	$852K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $44.52
Price spread: −0.031% → −0.025%: −$0.65
Slippage, 4 orders: −$375.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$358.14
Costs to cover: 4.020%
Break-even: 63.3 days

Slippage from Gate: live order book, 60 min ago; KuCoin: live order book, 5 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, 60 min ago	8.44 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	19.23 bp	126.1 bp −$126	doesn't fit	doesn't fit	doesn't fit

HEMI on 12 exchanges

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	0.006445	+0.017%	$71K	$45K	5x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006437	−0.109%	$1.7M	$1.5M	25x	as long as short
Gate HEMI_USDTlong	+0.0100%	4h	0.006444	long leg	$523K	$306K	20x
Variational Omni HEMI	+0.0100%	4h	0.006467	+0.362%	$23K	$3K	—	as long as short
SunX HEMI-USDT	+0.0100%	4h	0.006592	+2.297%	$2K	$1.3M	20x	as long as short
Extended HEMI-USD	+0.0112%	1h	0.006441	−0.049%	$17K	—	5x	as long as short
Binance HEMIUSDT	+0.0113%	4h	0.006442	−0.031%	$6.4M	$10.9M	20x	as long as short
MEXC HEMI_USDT	+0.0118%	4h	0.006443	−0.016%	$1.6M	$271K	50x	as long as short
BingX HEMI-USDT	+0.0126%	4h	0.006442	−0.031%	—	$1.3M	—	as long as short
BloFin HEMI-USDT	+0.0140%	4h	0.006443	−0.016%	$364K	$55K	20x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HEMIUSDTMshort	+0.0312%	4h	0.006442	−0.031%	$852K	$1.7M	20x
Hyperliquid HEMI	+0.0982%	1h	0.006449	+0.078%	$999K	$397K	3x	as long as short