Settings8H · net · $10k
Funding arb · Price arb /

HEMI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Gate against Hyperliquid+0.047%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1271.272% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.391%−$39 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.047%, 7d avg −0.008%
Together, before fees−0.430%+ Points / potential airdropHyperliquid: Season 2 · farm board−$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.055% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HEMI0.0064200.0100pay 0.0013% / 1h32m 50s$974K$269K3x
ShortGate HEMI_USDT0.0064230.0100get 0.0050% / 4h2h 32m$491K$230K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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

Funding earned
$0
Price spread: +0.047% → −0.008%
$5.46
Slippage, 4 orders
−$103.18
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$121.72
Costs to cover
1.272%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 52 min ago; Gate: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 52 min ago2.32 bp23.4 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 52 min ago6.20 bp41.8 bp −$42doesn't fitdoesn't fitdoesn't fit

HEMI on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin HEMI-USDT+0.0063%4h0.006417−0.047%$344K$65K20xas long as short
Hyperliquid HEMIlong+0.0100%1h0.006420long leg$974K$269K3x
Aster HEMIUSDT+0.0100%4h0.006419−0.008%$74K$30K5xas long as short
Binance HEMIUSDT+0.0100%4h0.006416−0.062%$6.2M$10.2M20xas long as short
Bybit HEMIUSDT+0.0100%4h0.006419−0.016%$1.7M$1.4M25xas long as short
Gate HEMI_USDTshort+0.0100%4h0.006423+0.047%$491K$230K20x
MEXC HEMI_USDT+0.0100%4h0.006416−0.062%$1.6M$281K50xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006421+0.016%$763K$1.6M20xas long as short
BingX HEMI-USDT+0.0100%4h0.006413−0.109%$1.3Mas long as short
Variational Omni HEMI+0.0100%4h0.006421+0.012%$23K$4Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX HEMI-USDT+0.0100%4h0.006571+2.352%$2K$1.1M20xas long as short
Extended HEMI-USD+0.0104%1h0.006417−0.047%$17K$5165xas long as short