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: OKX against Bybit+0.056%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1441.443% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.056%, 7d avg +0.023%

Together, before fees+0.024%+$2 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: OKX is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001770	0.0100	pay 0.0050% / 4h	1h 08m	$1.5M	$586K	25x
Short	OKX HMSTR-USDT-SWAP	0.0001771	0.0100	get 0.0050% / 4h	1h 08m	$590K	$903K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.023%: $3.37
Slippage, 4 orders: −$123.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$140.94
Costs to cover: 1.443%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 38 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, 3 min ago	2.82 bp	45.3 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	2.83 bp	29.4 bp −$29	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	0.0001770	−0.004%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001771	+0.034%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001770	0.000%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001770	long leg	$1.5M	$586K	25x
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001771	+0.056%	$590K	$903K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001769	−0.056%	$389K	$141K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001770	0.000%	$388K	$119K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001771	+0.056%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	+0.015%	$2K	$920	—	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	0.0001770	0.000%	$13K	$614K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001770	−0.021%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0645%	1h	0.0001780	+0.565%	$2.0M	$176K	3x	as long as short