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: KuCoin against Gate+0.056%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$760as in the Price arb table

costs, in and out, $10k−$7657.645% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.056%, 7d avg +0.011%

Together, before fees−0.039%−$4 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: KuCoin is 0.045% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001771	0.0100	pay 0.0050% / 4h	2h 05m	$403K	$163K	25x
Short	KuCoin HMSTRUSDTM	0.0001772	0.0100	get 0.0050% / 4h	2h 05m	$252K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.011%: $4.54
Slippage, 4 orders: −$737.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$759.97
Costs to cover: 7.645%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; KuCoin: live order book, 30 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, 59 min ago	5.60 bp	54.4 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	8.43 bp	224.4 bp −$224	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	0.0001771	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.062%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$1.4M	$608K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	+0.056%	$599K	$791K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001771	long leg	$403K	$163K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	0.000%	$385K	$118K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001772	+0.056%	$252K	$49K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001770	−0.046%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	+0.113%	$13K	$611K	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	0.0001771	−0.003%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1035%	1h	0.0001773	+0.123%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.1924%	1h	0.0001780	+0.508%	$2.0M	$116K	3x	as long as short