HEMI perps

Perp · Binance, Hyperliquid · #461 by volume

0.0040010-3.38% 24h

Binance USDT · 24h 0.0039060 – 0.0041720

24h volume: $2.4M; #461 of 914
Open interest: $2.5M; −0.8% contracts · 24h
Spread: 2.45 bps; median · 24h
Size at best price: $314; mean · 24h
Net taker flow: −$134.9K; every contract · 24h
Funding: +0.0050%; per period · BIN

Aperiodic metrics · HEMI · 24 h

Are takers buying or selling HEMI?

Takers sold $134.6K more than they bought on Binance and Hyperliquid over 24 h; the heaviest hour, 02:25 UTC, saw $57.1K.

+$57.1K0−$57.1K

23:25 UTCnow

flow.volume_delta_notionalbusiest contract on each venue · hourly · 24 h

What does it cost to cross HEMI's spread?

L1 liquidity

2.45 bps median on Binance USDT, wider than 61% of the 200 most traded perps.

#1BTC0.015 bps
#2ETH0.051 bps
#3SOXL1.56 bps
#5SOL1.25 bps
#10AKE3.18 bps
#25XYZ:XYZ1000.35 bps
#50MUU5.64 bps
#100MVLL8.76 bps
#200AIN2.70 bps
#461HEMI2.45 bps

l1_liquidity.spread_bpsbusiest contract · median · 24 h

How much size waits at HEMI's best price?

L1 liquidity

$314 at the best bid and ask on Binance USDT, on average, thinner than 90% of the 200 most traded perps.

#1BTC$651.7K
#2ETH$269.8K
#3SOXL$86.9K
#5SOL$157.5K
#10AKE$553
#25XYZ:XYZ100$165.1K
#50MUU$22.4K
#100MVLL$13.7K
#200AIN$180
#461HEMI$314

l1_liquidity.total_dollar_depthbusiest contract · mean · 24 h

Which way is HEMI's book leaning?

L2 imbalance

Leaned to the ask in 18 of 24 hours on Binance USDT; 47% bids over the day.

63% bid037% bid

23:25 UTCnow

l2_imbalance.imbalance_ratio_10Binance USDT · top 10 levels · hourly

Where does HEMI trade?

OHLCV

Binance USDT took 95% of $2.4M traded in 24 h.

volume sharespread

Binance USDT95%2.45
Hyperliquid USDC4.5%12.1

ohlcv.volume_notionaleach contract · 24 h

Does HEMI trade away from its index?

Basis

20.0 bps below its index on Binance USDT now; 16.1 bps below to 3.41 bps above over 24 h.

+16.1 bps0−16.1 bps

23:25 UTCnow

basis.basis_bpsBinance USDT · hourly

Is leverage building in HEMI?

Open interest

$2.5M open across 2 contracts: −0.8% in contracts, −4.1% in dollars over 24 h.

$2.6M$2.5M

23:25 UTCnow

open_interest.open_interestbusiest contract on each venue · hourly

Who pays funding on HEMI?

Funding

Longs pay on 2 of 2 contracts; Binance USDT charges +0.0050% a period (Hyperliquid’s are hourly).

Binance USDT+0.0050%
Hyperliquid USDC+0.0013%

← shorts paylongs pay →

funding.funding_rateeach contract · per funding period · now

HEMI's 2 contracts · now

Named by Atlas →

Contract	Price	24h	Volume 24h	Open interest	Funding	Spread	Charts
Binance USDTperpetual-HEMI-USDT:USDT	0.0040010	-3.38%	$2.3M	$1.9M	+0.0050%	2.45	Charts →
Hyperliquid USDCperpetual-HEMI-USDC:USDC	0.0040140	-3.09%	$108.1K	$585.4K	+0.0013%	12.1	Charts →

History · a year of 5m bars per series · busiest contract on each venue

Every chart for HEMI →

Python

import os
from datetime import date

from aperiodic import get_derivative_metrics, get_metrics

# aperiodic.io/markets: HEMI on Binance and Hyperliquid
# 5m bars, 2025-11-12 to 2026-11-12. Install: pip install "aperiodic[polars]"
# Needs an API key (https://aperiodic.io/home/api) on a plan with flow, basis, open_interest, funding (Pro) and l1_liquidity, l2_imbalance (Prime).
API_KEY = os.environ["APERIODIC_API_KEY"]
# timestamp="true" keys bars on capture time, as on the page; "exchange" keys them on exchange time.
PERIOD = dict(
    interval="5m",
    timestamp="true",
    start_date=date(2025, 11, 12),
    end_date=date(2026, 11, 12),
)
CONTRACTS = [
    ("binance-futures", "perpetual-HEMI-USDT:USDT"),
    ("hyperliquid-perps", "perpetual-HEMI-USDC:USDC"),
]

frames = {}
for exchange, symbol in CONTRACTS:
    frames["flow", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="flow",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["l1_liquidity", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="l1_liquidity",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["l2_imbalance", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="l2_imbalance",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["basis", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="basis",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["open_interest", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="open_interest",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["funding", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="funding",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )

Every number is from Aperiodic's own 5-minute bars, 15 minutes behind.

Contract

Price

24h

Volume 24h

Open interest

Funding

Spread

Binance USDTperpetual-HEMI-USDT:USDT

0.0040010

-3.38%

$2.3M

$1.9M

+0.0050%

2.45

Charts →

Hyperliquid USDCperpetual-HEMI-USDC:USDC

0.0040140

-3.09%

$108.1K

$585.4K

+0.0013%

12.1

Charts →

import os from datetime import date from aperiodic import get_derivative_metrics, get_metrics # aperiodic.io/markets: HEMI on Binance and Hyperliquid # 5m bars, 2025-11-12 to 2026-11-12. Install: pip install "aperiodic[polars]" # Needs an API key (https://aperiodic.io/home/api) on a plan with flow, basis, open_interest, funding (Pro) and l1_liquidity, l2_imbalance (Prime). API_KEY = os.environ["APERIODIC_API_KEY"] # timestamp="true" keys bars on capture time, as on the page; "exchange" keys them on exchange time. PERIOD = dict( interval="5m", timestamp="true", start_date=date(2025, 11, 12), end_date=date(2026, 11, 12), ) CONTRACTS = [ ("binance-futures", "perpetual-HEMI-USDT:USDT"), ("hyperliquid-perps", "perpetual-HEMI-USDC:USDC"), ] frames = {} for exchange, symbol in CONTRACTS: frames["flow", exchange, symbol] = get_metrics( api_key=API_KEY, metric="flow", exchange=exchange, symbol=symbol, **PERIOD, ) frames["l1_liquidity", exchange, symbol] = get_metrics( api_key=API_KEY, metric="l1_liquidity", exchange=exchange, symbol=symbol, **PERIOD, ) frames["l2_imbalance", exchange, symbol] = get_metrics( api_key=API_KEY, metric="l2_imbalance", exchange=exchange, symbol=symbol, **PERIOD, ) frames["basis", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="basis", exchange=exchange, symbol=symbol, **PERIOD, ) frames["open_interest", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="open_interest", exchange=exchange, symbol=symbol, **PERIOD, ) frames["funding", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="funding", exchange=exchange, symbol=symbol, **PERIOD, )