Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.049%
Price spread now: MEXC against KuCoin−0.558%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$374as in the Funding arb table
Net, price: spread back to 7d avg − costs−$409as in the Price arb table
costs, in and out, $10k−$3553.552% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 7 days+0.534%+$53 · spread now −0.558%, 7d avg −0.020%
=Funding pays, the price is against you. MEXC is 0.538% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.558% now, against its 7-day average of −0.020%). If the spread goes back, that is −$54 on $10k: about 3 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006634 | 0.0150 | pay 0.0075% / 4h | 8m 47s | $875K | $1.7M | 20x |
| Short | MEXC HEMI_USDT | 0.006597 | 0.0168 | get 0.0084% / 4h | 8m 47s | $1.7M | $289K | 50x |
KuCoin HEMIUSDTM
MEXC HEMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- $3.78
- Price spread: −0.558% → −0.020%
- −$53.78
- Slippage, 4 orders
- −$335.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$405.19
- Costs to cover
- 3.552%
- Break-even
- 757.3 days
Slippage from KuCoin: live order book, 7 min ago; MEXC: live order book, 3 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 KuCoin live order book, 7 min ago | 15.03 bp | 173.9 bp −$174 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.75 bp | 11.6 bp −$12 | 60.7 bp −$607 | 318.8 bp −$31.9K | 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 | 0.006613 | −0.324% | $75K | $48K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006596 | −0.573% | $1.7M | $1.5M | 25x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006617 | −0.261% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006766 | +1.990% | $1K | $1.3M | 20x | as long as short |
| KuCoin HEMIUSDTMlong | +0.0150% | 4h | 0.006634 | long leg | $875K | $1.7M | 20x | |
| BingX HEMI-USDT | +0.0164% | 4h | 0.006605 | −0.437% | — | $1.4M | — | as long as short |
| Extended HEMI-USD | +0.0168% | 1h | 0.006606 | −0.419% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDTshort | +0.0168% | 4h | 0.006597 | −0.558% | $1.7M | $289K | 50x | |
| Binance HEMIUSDT | +0.0169% | 4h | 0.006608 | −0.388% | $6.6M | $11.3M | 20x | as long as short |
| Gate HEMI_USDT | +0.0184% | 4h | 0.006618 | −0.241% | $518K | $311K | 20x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
BingX HEMI-USDT
Extended HEMI-USD
Binance HEMIUSDT
Gate HEMI_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDT | +0.0216% | 4h | 0.006621 | −0.196% | $370K | $55K | 20x | as long as short |
| Hyperliquid HEMI | +0.1376% | 1h | 0.006617 | −0.256% | $1.1M | $378K | 3x | as long as short |
BloFin HEMI-USDT
Hyperliquid HEMI