Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC+0.113%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.113%, 7d avg +0.026%

Together, before fees+0.038%+$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: OKX is 0.087% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001774	0.0100	pay 0.0050% / 4h	1h 35m	$386K	$116K	50x
Short	OKX HMSTR-USDT-SWAP	0.0001776	0.0100	get 0.0050% / 4h	1h 35m	$623K	$737K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.026%: $8.67
Slippage, 4 orders: −$60.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.28
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; OKX: live order book, 36 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, 55 min ago	2.83 bp	10.9 bp −$11	60.7 bp −$607	146.0 bp −$14.6K	3629.6 bp −$1.81M
Sell OKX live order book, 36 min ago	2.80 bp	29.8 bp −$30	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	0.0001776	+0.113%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001775	+0.068%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001775	+0.056%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	+0.056%	$1.5M	$602K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001776	+0.113%	$623K	$737K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001775	+0.056%	$412K	$232K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001774	long leg	$386K	$116K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001776	+0.113%	$252K	$58K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001774	+0.011%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	−0.056%	$13K	$606K	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	+0.033%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.2065%	1h	0.0001780	+0.338%	$2.0M	$112K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.3204%	1h	0.0001768	−0.364%	$10K	$6K	10x	as long as short