Funding arb · Price arb /

HMSTR

all HMSTR markets

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 0.000%

Price spread now: KuCoin against Binance0.000%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$971as in the Funding arb table

Net, price: spread back to 7d avg − costs−$969as in the Price arb table

costs, in and out, $10k−$9739.728% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now 0.000%, 7d avg −0.037%

Together, before fees−0.320%−$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HMSTRUSDT	0.0001765	0.0100	pay 0.0050% / 4h	2h 32m	$2.2M	$2.4M	10x
Short	KuCoin HMSTRUSDTM	0.0001765	0.0100	get 0.0050% / 4h	2h 32m	$247K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.037%: $3.66
Slippage, 4 orders: −$950.84
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$969.18
Costs to cover: 9.728%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 48 min ago.

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 Binance live order book, 3 min ago	2.83 bp	22.8 bp −$23	268.8 bp −$2,688	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	5.67 bp	523.6 bp −$524	doesn't fit	doesn't fit	doesn't fit

HMSTR on 13 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
BingX HMSTR-USDT	+0.0070%	4h	0.0001765	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	+0.023%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001765	long leg	$2.2M	$2.4M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001765	0.000%	$1.5M	$611K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001765	0.000%	$587K	$954K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001764	−0.057%	$391K	$143K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001764	−0.057%	$377K	$119K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001765	0.000%	$247K	$62K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001763	−0.088%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	−0.057%	$13K	$621K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001764	−0.041%	$918	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1010%	1h	0.0001761	−0.222%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2776%	1h	0.0001770	+0.283%	$1.9M	$255K	3x	as long as short