HMSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0251%/8h= −27.5% APRnext payment −$1.26 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.112%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$844as in the Funding arb table

Net, price: spread back to 7d avg − costs−$863as in the Price arb table

costs, in and out, $10k−$8528.522% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.112%, 7d avg −0.007%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.106% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001779	0.0351	pay 0.0176% / 4h	3h 58m	$1.5M	$598K	25x
Short	KuCoin HMSTRUSDTM	0.0001777	0.0100	get 0.0050% / 4h	3h 58m	$241K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$52.78
Price spread: −0.112% → −0.007%: −$10.58
Slippage, 4 orders: −$829.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$915.53
Costs to cover: 8.522%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 33 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, 2 min ago	2.81 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 33 min ago	8.43 bp	363.8 bp −$364	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	0.0001779	0.000%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001790	+0.618%	$2.0M	$106K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001778	−0.051%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001778	−0.051%	$2.2M	$1.9M	10x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001780	+0.056%	$623K	$743K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001778	−0.056%	$411K	$241K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001778	−0.056%	$389K	$113K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001777	−0.112%	$241K	$60K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001779	−0.013%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	−0.225%	$13K	$606K	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	0.0001778	−0.083%	$930	—	5x	as long as short
Bybit HMSTRUSDTlong	+0.0351%	4h	0.0001779	long leg	$1.5M	$598K	25x
Kraken Futures PF_HMSTRUSD	+0.0952%	1h	0.0001775	−0.236%	$10K	$6K	10x	as long as short