Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Gate−0.056%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.056%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.088% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HMSTR_USDT | 0.0001782 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $406K | $164K | 25x |
| Short | BingX HMSTR-USDT | 0.0001781 | 0.0070 | get 0.0035% / 4h | 1h 20m | — | $1.3M | — |
Gate HMSTR_USDT
BingX HMSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: −0.056% → +0.032%
- −$8.79
- Slippage, 4 orders
- −$97.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$137.74
- Costs to cover
- 1.227%
- Break-even
- never at this rate
Slippage from Gate: live order book, 40 min ago; BingX: live order book, 10 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 Gate live order book, 40 min ago | 2.82 bp | 53.8 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 2.81 bp | 16.3 bp −$16 | 92.8 bp −$928 | 688.3 bp −$68.8K | 1047.6 bp −$523.8K |
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-USDTshort | +0.0070% | 4h | 0.0001781 | −0.056% | — | $1.3M | — | |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001783 | +0.079% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001782 | 0.000% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001782 | 0.000% | $1.5M | $603K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001781 | −0.056% | $604K | $756K | 10x | as long as short |
| Gate HMSTR_USDTlong | +0.0100% | 4h | 0.0001782 | long leg | $406K | $164K | 25x | |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001782 | 0.000% | $389K | $118K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001781 | −0.056% | $258K | $47K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001781 | −0.047% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001776 | −0.337% | $13K | $609K | 50x | as long as short |
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
MEXC 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 | 0.0001781 | −0.029% | $928 | — | 5x | as long as short |
| Hyperliquid HMSTR | +0.1753% | 1h | 0.0001790 | +0.449% | $2.0M | $117K | 3x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.2238% | 1h | 0.0001784 | +0.127% | $10K | $7K | 10x | as long as short |
Extended kHMSTR-USD
Hyperliquid HMSTR
Kraken Futures PF_HMSTRUSD