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: Binance against KuCoin0.000%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$790as in the Funding arb table

Net, price: spread back to 7d avg − costs−$792as in the Price arb table

costs, in and out, $10k−$7887.880% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now 0.000%, 7d avg +0.037%

Together, before fees+0.226%+$23 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: Binance is 0.037% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001775	0.0100	pay 0.0050% / 4h	54m 35s	$247K	$59K	10x
Short	Binance HMSTRUSDT	0.0001775	0.0100	get 0.0050% / 4h	54m 35s	$2.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.037%: −$3.73
Slippage, 4 orders: −$766
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$791.73
Costs to cover: 7.880%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: 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 KuCoin live order book, 6 min ago	8.45 bp	498.3 bp −$498	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.82 bp	18.7 bp −$19	113.8 bp −$1,138	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	0.0001774	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001776	+0.028%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001775	0.000%	$2.2M	$2.2M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	0.000%	$1.5M	$580K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001776	+0.056%	$592K	$896K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001773	−0.113%	$389K	$130K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001775	0.000%	$390K	$116K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001775	long leg	$247K	$59K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001773	−0.099%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001771	−0.225%	$13K	$614K	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	0.0001775	−0.019%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0382%	1h	0.0001776	+0.043%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.3483%	1h	0.0001780	+0.282%	$2.0M	$146K	3x	as long as short