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: Gate against OKX−0.169%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$1961.964% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.169%, 7d avg −0.039%

Together, before fees−0.119%−$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: Gate is 0.130% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HMSTR-USDT-SWAP	0.0001774	0.0100	pay 0.0050% / 4h	59m 19s	$592K	$900K	10x
Short	Gate HMSTR_USDT	0.0001771	0.0100	get 0.0050% / 4h	59m 19s	$389K	$130K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → −0.039%: −$13.02
Slippage, 4 orders: −$171.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$209.45
Costs to cover: 1.964%
Break-even: never at this rate

Slippage from OKX: live order book, 47 min ago; Gate: live order book, 16 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 OKX live order book, 47 min ago	2.83 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	5.65 bp	66.3 bp −$66	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	0.0001773	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001773	−0.045%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001773	−0.056%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001773	−0.056%	$1.5M	$581K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001774	long leg	$592K	$900K	10x
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001771	−0.169%	$389K	$130K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001773	−0.056%	$389K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001772	−0.113%	$247K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001771	−0.154%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−0.282%	$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	0.0001773	−0.078%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001773	−0.044%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.5150%	1h	0.0001780	+0.338%	$2.0M	$146K	3x	as long as short