Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Variational Omni against Gate+0.234%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 0.234% dearer against Gate than usual: you sell high and buy low, +$23 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	Gate HEMI_USDT	0.006593	0.0100	pay 0.0050% / 4h	3h 49m	$523K	$308K	20x
Short	Variational Omni HEMI	0.006608	0.0100	get 0.0050% / 4h	3h 49m	$23K	$3K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.234%Rate

Funding earned: $0
Price spread: +0.234% → 0.000%: $23.37
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.37
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 46 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 Gate live order book, 46 min ago	6.81 bp	38.3 bp −$38	doesn't fit	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	0.006590	−0.039%	$74K	$48K	5x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006594	+0.015%	$1.7M	$1.5M	25x	as long as short
Gate HEMI_USDTlong	+0.0100%	4h	0.006593	long leg	$523K	$308K	20x
Variational Omni HEMIshort	+0.0100%	4h	0.006608	+0.234%	$23K	$3K	—
SunX HEMI-USDT	+0.0100%	4h	0.006735	+2.154%	$1K	$1.3M	20x	as long as short
BloFin HEMI-USDT	+0.0154%	4h	0.006611	+0.273%	$368K	$56K	20x	as long as short
MEXC HEMI_USDT	+0.0180%	4h	0.006592	−0.015%	$1.7M	$278K	50x	as long as short
Binance HEMIUSDT	+0.0181%	4h	0.006594	+0.016%	$6.6M	$11.4M	20x	as long as short
Extended HEMI-USD	+0.0184%	1h	0.006592	−0.011%	$17K	—	5x	as long as short
BingX HEMI-USDT	+0.0192%	4h	0.006598	+0.076%	—	$1.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HEMIUSDTM	+0.0278%	4h	0.006615	+0.334%	$879K	$1.7M	20x	as long as short
Hyperliquid HEMI	+0.0772%	1h	0.006598	+0.076%	$1.0M	$388K	3x	as long as short