Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bybit0.000%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1411.413% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now 0.000%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HMSTRUSDT | 0.0001781 | 0.0100 | pay 0.0050% / 4h | 3h 47m | $1.5M | $597K | 25x |
| Short | BingX HMSTR-USDT | 0.0001781 | 0.0070 | get 0.0035% / 4h | 3h 47m | — | $1.3M | — |
Bybit HMSTRUSDT
BingX HMSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: 0.000% → +0.023%
- −$2.28
- Slippage, 4 orders
- −$120.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$149.92
- Costs to cover
- 1.413%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 12 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 Bybit live order book, 4 min ago | 5.61 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 5.62 bp | 16.7 bp −$17 | 96.3 bp −$963 | 703.9 bp −$70.4K | 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-USDTshort | +0.0070% | 4h | 0.0001781 | 0.000% | — | $1.3M | — | |
| Hyperliquid HMSTR | +0.0100% | 1h | 0.0001790 | +0.505% | $2.0M | $108K | 3x | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001780 | −0.079% | $33K | $3K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001781 | 0.000% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDTlong | +0.0100% | 4h | 0.0001781 | long leg | $1.5M | $597K | 25x | |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001782 | +0.056% | $623K | $740K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001780 | −0.056% | $413K | $242K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001781 | 0.000% | $389K | $113K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001781 | 0.000% | $242K | $60K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001782 | +0.068% | $2K | $919 | — | as long as short |
Hyperliquid HMSTR
Aster HMSTRUSDT
Binance HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTRShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001777 | −0.225% | $13K | $607K | 50x | as long as short |
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001781 | −0.027% | $930 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.0954% | 1h | 0.0001771 | −0.569% | $10K | $6K | 10x | as long as short |
ApeX Omni HMSTRUSDT
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD