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

HEMI

all HEMI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment $0.39 per $10,000 · paid last 24h +0.069%
Price spread now: SunX against MEXC+2.241%7-day average +2.317% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.042%+$104 on $10k
Price spread, last 4 days (all we have)+0.314%+$31 · spread now +2.241%, 7d avg +2.317%
Together, before fees+1.357%+$136 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX 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 +2.317%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.042%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HEMI_USDT0.0066030.0178pay 0.0089% / 4h1h 15m$1.7M$276K50x
ShortSunX HEMI-USDT0.0067510.0100get 0.0050% / 4h1h 15m$1K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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
−$16.38
Price spread: +2.241% → +2.317%
−$7.61
Slippage, 4 orders
no order book: not counted
Fee MEXC: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$39.99
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 6 min ago; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 6 min ago1.51 bp14.6 bp −$1563.3 bp −$633313.1 bp −$31.3K5491.2 bp −$2.75M
Sell SunX live order book, 8 min ago231.05 bpdoesn't fitdoesn'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
Aster HEMIUSDT+0.0100%4h0.006607+0.063%$75K$48K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006600−0.045%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006610+0.106%$839K$1.7M20xas long as short
Variational Omni HEMI+0.0100%4h0.006602−0.010%$23K$3Kas long as short
SunX HEMI-USDTshort+0.0100%4h0.006751+2.241%$1K$1.3M20x
BloFin HEMI-USDT+0.0162%4h0.006606+0.045%$370K$53K20xas long as short
MEXC HEMI_USDTlong+0.0178%4h0.006603long leg$1.7M$276K50x
BingX HEMI-USDT+0.0180%4h0.006601−0.030%$1.4Mas long as short
Binance HEMIUSDT+0.0184%4h0.0066030.000%$6.7M$11.2M20xas long as short
Extended HEMI-USD+0.0184%1h0.006601−0.027%$17K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEMI_USDT+0.0316%4h0.006608+0.076%$515K$303K20xas long as short
Hyperliquid HEMI+0.1210%1h0.006612+0.136%$1.1M$373K3xas long as short