Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.282%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1771.775% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.375%+$38 · spread now +0.282%, 7d avg +0.017%

Together, before fees+0.324%+$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: Bybit is 0.264% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001776	0.0100	pay 0.0050% / 4h	1h 22m	$405K	$164K	25x
Short	Bybit HMSTRUSDT	0.0001781	0.0100	get 0.0050% / 4h	1h 22m	$1.5M	$603K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.282%Rate

Funding earned: $0
Price spread: +0.282% → +0.017%: $26.42
Slippage, 4 orders: −$151.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$151.05
Costs to cover: 1.775%
Break-even: never at this rate

Slippage from Gate: live order book, 38 min ago; Bybit: live order book, 3 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, 38 min ago	2.82 bp	53.8 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.82 bp	42.3 bp −$42	951.6 bp −$9,516	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	0.0001778	+0.113%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001778	+0.107%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001781	+0.282%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001781	+0.282%	$1.5M	$603K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001781	+0.282%	$603K	$756K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001776	long leg	$405K	$164K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001781	+0.282%	$389K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001777	+0.056%	$258K	$47K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001774	−0.105%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	−0.056%	$13K	$609K	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	0.0001781	+0.270%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1773%	1h	0.0001790	+0.788%	$2.0M	$117K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2244%	1h	0.0001779	+0.196%	$10K	$7K	10x	as long as short