Funding arb · Price arb /

HEMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.090%

Price spread now: Aster against SunX−2.417%56s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 2.417% cheaper against SunX than usual: you would sell low and buy high, −$242 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HEMI-USDT	0.006585	0.0100	pay 0.0050% / 4h	2h 20m	$2K	$1.1M	20x
Short	Aster HEMIUSDT	0.006426	0.0100	get 0.0050% / 4h	2h 20m	$74K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −2.417%Rate

Funding earned: $0
Price spread: −2.417% → 0.000%: −$241.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$257.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Aster: 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 SunX live order book, 3 min ago	248.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Hyperliquid HEMI	+0.0100%	1h	0.006432	−2.323%	$976K	$268K	3x	as long as short
Aster HEMIUSDTshort	+0.0100%	4h	0.006426	−2.417%	$74K	$31K	5x
Binance HEMIUSDT	+0.0100%	4h	0.006429	−2.369%	$6.3M	$10.2M	20x	as long as short
Bybit HEMIUSDT	+0.0100%	4h	0.006430	−2.354%	$1.7M	$1.4M	25x	as long as short
Gate HEMI_USDT	+0.0100%	4h	0.006430	−2.354%	$492K	$230K	20x	as long as short
MEXC HEMI_USDT	+0.0100%	4h	0.006430	−2.354%	$1.6M	$283K	50x	as long as short
KuCoin HEMIUSDTM	+0.0100%	4h	0.006426	−2.415%	$762K	$1.6M	20x	as long as short
BingX HEMI-USDT	+0.0100%	4h	0.006429	−2.369%	—	$1.4M	—	as long as short
Variational Omni HEMI	+0.0100%	4h	0.006419	−2.524%	$22K	$4K	—	as long as short
SunX HEMI-USDTlong	+0.0100%	4h	0.006585	long leg	$2K	$1.1M	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended HEMI-USD	+0.0104%	1h	0.006430	−2.352%	$17K	$516	5x	as long as short
BloFin HEMI-USDT	+0.0153%	4h	0.006431	−2.339%	$346K	$65K	20x	as long as short