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: Binance against Bybit−0.011%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.011%, 7d avg +0.038%

Together, before fees+0.062%+$6 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: Binance is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001773	0.0100	pay 0.0050% / 4h	58m 29s	$1.5M	$581K	25x
Short	Binance HMSTRUSDT	0.0001773	0.0100	get 0.0050% / 4h	58m 29s	$2.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.038%: −$4.91
Slippage, 4 orders: −$107.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$133.02
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 6 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 Bybit live order book, 3 min ago	2.82 bp	45.3 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.82 bp	18.7 bp −$19	113.8 bp −$1,138	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	0.0001773	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001773	−0.017%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001773	−0.011%	$2.2M	$2.2M	10x
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001773	long leg	$1.5M	$581K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001775	+0.113%	$592K	$901K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001771	−0.113%	$389K	$130K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001772	−0.056%	$389K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001771	−0.113%	$247K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001771	−0.098%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−0.226%	$13K	$614K	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	0.0001772	−0.077%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001773	+0.012%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.5150%	1h	0.0001780	+0.395%	$2.0M	$146K	3x	as long as short