Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against MEXC−0.077%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$560.565% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.077%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.076% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HEMI_USDT | 0.006534 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.7M | $292K | 50x |
| Short | BloFin HEMI-USDT | 0.006529 | 0.0070 | get 0.0035% / 4h | 3h 01m | $356K | $62K | 20x |
MEXC HEMI_USDT
BloFin HEMI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$6.33
- Price spread: −0.077% → −0.001%
- −$7.58
- Slippage, 4 orders
- −$36.48
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$70.39
- Costs to cover
- 0.565%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; BloFin: 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 MEXC live order book, 4 min ago | 0.76 bp | 10.1 bp −$10 | 46.6 bp −$466 | 317.1 bp −$31.7K | 3517.4 bp −$1.76M |
| Sell BloFin live order book, 4 min ago | 1.52 bp | 20.3 bp −$20 | 61.9 bp −$619 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDTshort | +0.0070% | 4h | 0.006529 | −0.077% | $356K | $62K | 20x | |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006531 | −0.044% | $74K | $41K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006528 | −0.098% | $6.4M | $10.7M | 20x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006524 | −0.153% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006532 | −0.031% | $486K | $268K | 20x | as long as short |
| MEXC HEMI_USDTlong | +0.0100% | 4h | 0.006534 | long leg | $1.7M | $292K | 50x | |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006539 | +0.077% | $846K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006534 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006531 | −0.048% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006679 | +2.219% | $1K | $1.1M | 20x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
Bybit HEMIUSDT
Gate HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HEMI-USD | +0.0104% | 1h | 0.006532 | −0.025% | $17K | $116 | 5x | as long as short |
| Hyperliquid HEMI | +0.1016% | 1h | 0.006543 | +0.138% | $1.0M | $346K | 3x | as long as short |
Extended HEMI-USD
Hyperliquid HEMI