Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.043%
Price spread now: MEXC against Gate+0.030%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1021.024% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.030%, 7d avg −0.060%
=The price spread pays, funding is against you. MEXC is 0.091% dearer against Gate than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.060%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HEMI_USDT | 0.006634 | 0.0218 | pay 0.0109% / 4h | 17m 57s | $520K | $309K | 20x |
| Short | MEXC HEMI_USDT | 0.006636 | 0.0156 | get 0.0078% / 4h | 17m 57s | $1.8M | $287K | 50x |
Gate HEMI_USDT
MEXC HEMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- −$13.02
- Price spread: +0.030% → −0.060%
- $9.06
- Slippage, 4 orders
- −$79.42
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$106.38
- Costs to cover
- 1.024%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; MEXC: live order book, 4 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, 18 min ago | 6.81 bp | 38.3 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.51 bp | 16.5 bp −$16 | 78.5 bp −$785 | 327.7 bp −$32.8K | 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 | 0.006634 | −0.004% | $75K | $48K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006629 | −0.075% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006648 | +0.211% | $876K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006631 | −0.040% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006775 | +2.125% | $2K | $1.3M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0142% | 4h | 0.006641 | +0.106% | $370K | $55K | 20x | as long as short |
| Extended HEMI-USD | +0.0152% | 1h | 0.006636 | +0.029% | $17K | — | 5x | as long as short |
| Binance HEMIUSDT | +0.0155% | 4h | 0.006637 | +0.052% | $6.7M | $11.3M | 20x | as long as short |
| MEXC HEMI_USDTshort | +0.0156% | 4h | 0.006636 | +0.030% | $1.8M | $287K | 50x | |
| BingX HEMI-USDT | +0.0156% | 4h | 0.006636 | +0.030% | — | $1.4M | — | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
Extended HEMI-USD
Binance HEMIUSDT
BingX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDTlong | +0.0218% | 4h | 0.006634 | long leg | $520K | $309K | 20x | |
| Hyperliquid HEMI | +0.1365% | 1h | 0.006642 | +0.121% | $1.1M | $377K | 3x | as long as short |
Hyperliquid HEMI