Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.141%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$697as in the Funding arb table

Net, price: spread back to 7d avg − costs−$709as in the Price arb table

costs, in and out, $10k−$6996.987% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.475%−$47 · spread now −0.141%, 7d avg −0.037%

Together, before fees−0.457%−$46 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: KuCoin is 0.103% cheaper against Binance than usual: you would sell low and buy high, −$10 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	0.0001778	0.0100	pay 0.0050% / 4h	1h 29m	$2.2M	$2.0M	10x
Short	KuCoin HMSTRUSDTM	0.0001775	0.0100	get 0.0050% / 4h	1h 29m	$258K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.037%: −$10.35
Slippage, 4 orders: −$676.67
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$709.02
Costs to cover: 6.987%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 66 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, 5 min ago	2.82 bp	20.4 bp −$20	303.6 bp −$3,036	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	8.43 bp	224.4 bp −$224	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	−0.084%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001777	−0.056%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001778	long leg	$2.2M	$2.0M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001777	−0.028%	$1.5M	$608K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001777	−0.028%	$601K	$774K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001776	−0.084%	$405K	$164K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001777	−0.028%	$388K	$117K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001775	−0.141%	$258K	$48K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001777	−0.020%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−0.478%	$13K	$608K	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	0.0001777	−0.028%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.1605%	1h	0.0001780	+0.141%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2244%	1h	0.0001780	+0.138%	$10K	$7K	10x	as long as short