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: KuCoin against Bybit+0.112%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$748as in the Funding arb table

Net, price: spread back to 7d avg − costs−$744as in the Price arb table

costs, in and out, $10k−$7567.560% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.112%, 7d avg −0.007%

Together, before fees−0.153%−$15 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 0.119% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001779	0.0100	pay 0.0050% / 4h	35m 17s	$1.5M	$594K	25x
Short	KuCoin HMSTRUSDTM	0.0001781	0.0100	get 0.0050% / 4h	35m 17s	$243K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → −0.007%: $11.9
Slippage, 4 orders: −$733.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$744.15
Costs to cover: 7.560%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.81 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	5.62 bp	268.6 bp −$269	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	0.0001780	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001780	+0.062%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001780	+0.039%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001779	long leg	$1.5M	$594K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001780	+0.056%	$626K	$727K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001781	+0.112%	$415K	$243K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001778	−0.056%	$390K	$116K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001781	+0.112%	$243K	$57K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001779	+0.009%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001780	+0.056%	$13K	$604K	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	0.0001779	+0.011%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1788%	1h	0.0001790	+0.618%	$2.0M	$109K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2133%	1h	0.0001778	−0.032%	$10K	$6K	10x	as long as short