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: MEXC against KuCoin+0.112%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,305as in the Price arb table

costs, in and out, $10k−$1,31613.161% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.112%, 7d avg +0.004%

Together, before fees−0.118%−$12 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 0.108% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001786	0.0100	pay 0.0050% / 4h	3h 07m	$251K	$48K	10x
Short	MEXC HMSTR_USDT	0.0001788	0.0100	get 0.0050% / 4h	3h 07m	$390K	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.004%: $10.77
Slippage, 4 orders: −$1,300.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,305.36
Costs to cover: 13.161%
Break-even: never at this rate

Slippage from KuCoin: live order book, 43 min ago; MEXC: live order book, 48 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, 43 min ago	5.64 bp	661.7 bp −$662	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 min ago	2.82 bp	10.0 bp −$10	51.2 bp −$512	155.7 bp −$15.6K	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	0.0001786	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001787	+0.050%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001789	+0.140%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001787	+0.056%	$1.5M	$585K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001787	+0.056%	$596K	$852K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001785	−0.056%	$396K	$150K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001788	+0.112%	$390K	$118K	50x
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001786	long leg	$251K	$48K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001785	−0.044%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001786	0.000%	$13K	$612K	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	0.0001788	+0.116%	$933	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1579%	1h	0.0001790	+0.203%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.2792%	1h	0.0001790	+0.224%	$2.0M	$118K	3x	as long as short