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+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h −0.026%
Price spread now: Gate against SunX−2.135%7-day average −2.254% · you buy dearer than you sell
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−0.856%−$86 on $10k
Price spread, last 4 days (all we have)−0.381%−$38 · spread now −2.135%, 7d avg −2.254%
Together, before fees−1.237%−$124 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.119% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −2.254%. Mind the row above: over the last 7 days funding on this pair cost −0.856%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HEMI-USDT0.0067450.0100pay 0.0050% / 4h39m 35s$1K$1.3M20x
ShortGate HEMI_USDT0.0066010.0250get 0.0125% / 4h39m 35s$517K$307K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$31.5
Price spread: −2.135% → −2.254%
$11.9
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$20.4
Costs to cover
0.230%
Break-even
2.5 days
Slippage unknown: SunX: live order book, 4 min ago; Gate: live order book, 61 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 SunX live order book, 4 min ago230.43 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 61 min ago7.61 bp40.1 bp −$40doesn'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%4h0.006600−2.150%$75K$48K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006600−2.150%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006617−1.898%$840K$1.7M20xas long as short
Variational Omni HEMI+0.0100%4h0.006611−1.991%$23K$3Kas long as short
SunX HEMI-USDTlong+0.0100%4h0.006745long leg$1K$1.3M20x
Binance HEMIUSDT+0.0142%4h0.006606−2.061%$6.6M$11.3M20xas long as short
Extended HEMI-USD+0.0144%1h0.006597−2.191%$17K5xas long as short
MEXC HEMI_USDT+0.0146%4h0.006601−2.135%$1.8M$279K50xas long as short
BingX HEMI-USDT+0.0152%4h0.006600−2.150%$1.4Mas long as short
BloFin HEMI-USDT+0.0153%4h0.006614−1.942%$369K$54K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEMI_USDTshort+0.0250%4h0.006601−2.135%$517K$307K20x
Hyperliquid HEMI+0.1400%1h0.006610−2.001%$1.1M$373K3xas long as short