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 Binance+0.051%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1351.350% of the position

Long on Binance 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 7 days−0.051%−$5 · spread now +0.051%, 7d avg −0.037%

Together, before fees−0.112%−$11 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 0.088% dearer against Binance than usual: you sell high and buy low, +$9 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	Binance HMSTRUSDT	0.0001767	0.0100	pay 0.0050% / 4h	2h 22m	$2.2M	$2.3M	10x
Short	Bybit HMSTRUSDT	0.0001768	0.0100	get 0.0050% / 4h	2h 22m	$1.4M	$602K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.037%: $8.79
Slippage, 4 orders: −$113.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$126.2
Costs to cover: 1.350%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 4 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 Binance live order book, 13 min ago	2.83 bp	22.8 bp −$23	268.8 bp −$2,688	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.83 bp	52.1 bp −$52	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	0.0001767	−0.006%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001768	+0.040%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001767	long leg	$2.2M	$2.3M	10x
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001768	+0.051%	$1.4M	$602K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001768	+0.051%	$588K	$934K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001766	−0.062%	$391K	$143K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001768	+0.051%	$378K	$120K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001766	−0.062%	$247K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001764	−0.151%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001763	−0.232%	$13K	$619K	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	0.0001768	+0.038%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1008%	1h	0.0001764	−0.148%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2474%	1h	0.0001770	+0.164%	$1.9M	$223K	3x	as long as short