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: MEXC against Gate+0.057%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1811.812% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.057%, 7d avg +0.013%

Together, before fees+0.013%+$1 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: MEXC is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001760	0.0100	pay 0.0050% / 4h	2h 56m	$390K	$143K	25x
Short	MEXC HMSTR_USDT	0.0001761	0.0100	get 0.0050% / 4h	2h 56m	$386K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.013%: $4.41
Slippage, 4 orders: −$162.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$176.76
Costs to cover: 1.812%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; MEXC: live order book, 25 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, 28 min ago	8.50 bp	87.5 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 25 min ago	2.83 bp	11.0 bp −$11	48.6 bp −$486	152.9 bp −$15.3K	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	0.0001761	+0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001763	+0.148%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001762	+0.119%	$2.2M	$2.6M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001761	+0.057%	$1.5M	$635K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001761	+0.057%	$587K	$1.0M	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001760	long leg	$390K	$143K	25x
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001761	+0.057%	$386K	$117K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001761	+0.057%	$246K	$63K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001761	+0.030%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001761	+0.057%	$13K	$619K	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	0.0001761	+0.073%	$918	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1011%	1h	0.0001761	+0.041%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.3032%	1h	0.0001770	+0.568%	$1.9M	$281K	3x	as long as short