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: Bybit against MEXC−0.056%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.056%, 7d avg +0.002%

Together, before fees+0.145%+$15 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 0.058% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001771	0.0100	pay 0.0050% / 4h	30m 44s	$389K	$118K	50x
Short	Bybit HMSTRUSDT	0.0001770	0.0100	get 0.0050% / 4h	30m 44s	$1.5M	$580K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.002%: −$5.8
Slippage, 4 orders: −$73.77
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.58
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from MEXC: live order book, 30 min ago; Bybit: live order book, 5 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 MEXC live order book, 30 min ago	2.82 bp	11.0 bp −$11	51.6 bp −$516	160.7 bp −$16.1K	8846.4 bp −$4.42M
Sell Bybit live order book, 5 min ago	5.66 bp	41.2 bp −$41	948.9 bp −$9,489	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	0.0001770	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	−0.034%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001770	−0.056%	$1.5M	$580K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	+0.056%	$592K	$891K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001768	−0.169%	$391K	$132K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001771	long leg	$389K	$118K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001771	0.000%	$246K	$49K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	−0.040%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−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	0.0001770	−0.030%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001773	+0.141%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2462%	1h	0.0001780	+0.508%	$2.0M	$125K	3x	as long as short