Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.336%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$1901.897% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.336%, 7d avg −0.018%

Together, before fees+0.029%+$3 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 0.318% cheaper against Bybit than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001787	0.0100	pay 0.0050% / 4h	3h 53m	$1.5M	$596K	25x
Short	Gate HMSTR_USDT	0.0001781	0.0100	get 0.0050% / 4h	3h 53m	$398K	$228K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.336%Rate

Funding earned: $0
Price spread: −0.336% → −0.018%: −$31.8
Slippage, 4 orders: −$163.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$221.49
Costs to cover: 1.897%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 61 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, 2 min ago	5.62 bp	38.4 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	5.62 bp	55.9 bp −$56	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	0.0001784	−0.168%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001782	−0.291%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001787	−0.022%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001787	long leg	$1.5M	$596K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001786	−0.056%	$613K	$742K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001781	−0.336%	$398K	$228K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001786	−0.056%	$388K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001781	−0.336%	$246K	$53K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001778	−0.493%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	−0.672%	$13K	$613K	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	0.0001784	−0.196%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1622%	1h	0.0001790	+0.168%	$2.0M	$117K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2151%	1h	0.0001786	−0.079%	$10K	$6K	10x	as long as short