Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against BingX+0.057%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.057%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.073% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HMSTR-USDT | 0.0001760 | 0.0070 | pay 0.0035% / 4h | 2h 50m | — | $1.3M | — |
| Short | MEXC HMSTR_USDT | 0.0001761 | 0.0100 | get 0.0050% / 4h | 2h 50m | $386K | $117K | 50x |
BingX HMSTR-USDT
MEXC HMSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.3
- Price spread: +0.057% → −0.016%
- $7.33
- Slippage, 4 orders
- −$40.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$41.16
- Costs to cover
- 0.548%
- Break-even
- 52.7 days
Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 32 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 BingX live order book, 11 min ago | 2.84 bp | 17.4 bp −$17 | 61.8 bp −$618 | 737.1 bp −$73.7K | doesn't fit |
| Sell MEXC live order book, 32 min ago | 2.83 bp | 11.0 bp −$11 | 48.6 bp −$486 | 152.9 bp −$15.3K | 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-USDTlong | +0.0070% | 4h | 0.0001760 | long leg | — | $1.3M | — | |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001761 | +0.080% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001761 | +0.080% | $2.2M | $2.5M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001761 | +0.057% | $1.5M | $627K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001761 | +0.057% | $587K | $980K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001759 | −0.057% | $390K | $143K | 25x | as long as short |
| MEXC HMSTR_USDTshort | +0.0100% | 4h | 0.0001761 | +0.057% | $386K | $117K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001760 | 0.000% | $246K | $62K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001759 | −0.085% | $2K | $2K | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001759 | −0.057% | $13K | $620K | 50x | as long as short |
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001761 | +0.047% | $918 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.1010% | 1h | 0.0001761 | +0.081% | $10K | $11K | 10x | as long as short |
| Hyperliquid HMSTR | +0.1059% | 1h | 0.0001770 | +0.568% | $1.9M | $281K | 3x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD
Hyperliquid HMSTR