HEMI arbitrage explained
Right now Hemi (HEMI) trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.006308 and the highest bid on MEXC spot at $0.006321.
The widest HEMI perpetual spread is between Binance and Gate: long HEMI on Binance at $0.006308 and short on Gate at $0.00632 for +0.19% gross, or +0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.136% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HEMI route is to buy spot on Gate and short the perpetual on Gate: -0.11% gross, -0.31% net, with +0.030% a day of funding on the short leg.
Spot–spot HEMI arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows -0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small HEMI gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: HEMI funding rates · HEMI spread charts · Hemi price · arbitrage scanner for all coins.