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 Binance+0.028%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2602.602% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.028%, 7d avg −0.047%

Together, before fees−0.301%−$30 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 0.075% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.047%.

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	1h 31m	$2.2M	$2.2M	10x
Short	Gate HMSTR_USDT	0.0001768	0.0100	get 0.0050% / 4h	1h 31m	$391K	$139K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.047%: $7.5
Slippage, 4 orders: −$235.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$252.75
Costs to cover: 2.602%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 49 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, 4 min ago	2.83 bp	20.2 bp −$20	179.2 bp −$1,792	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	8.49 bp	71.7 bp −$72	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
Kraken Futures PF_HMSTRUSD	−0.0894%	1h	0.0001769	+0.107%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001767	−0.028%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001768	+0.023%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001767	long leg	$2.2M	$2.2M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001767	−0.028%	$1.4M	$572K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001768	+0.028%	$589K	$906K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001768	+0.028%	$391K	$139K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001767	−0.028%	$391K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001767	−0.028%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001768	+0.045%	$2K	$833	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	+0.085%	$13K	$613K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001768	+0.009%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0811%	1h	0.0001780	+0.707%	$2.0M	$199K	3x	as long as short