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: Bybit against Gate+0.113%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$3053.049% of the position

Long on Gate Short on Bybit

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)+0.146%+$15 · spread now +0.113%, 7d avg +0.016%

Together, before fees+0.095%+$9 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: Bybit is 0.097% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001768	0.0100	pay 0.0050% / 4h	1h 33m	$391K	$139K	25x
Short	Bybit HMSTRUSDT	0.0001770	0.0100	get 0.0050% / 4h	1h 33m	$1.4M	$573K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.016%: $9.7
Slippage, 4 orders: −$278.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$295.21
Costs to cover: 3.049%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; Bybit: live order book, 3 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 Gate live order book, 47 min ago	8.49 bp	148.3 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.83 bp	42.3 bp −$42	941.4 bp −$9,414	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	−0.0893%	1h	0.0001771	+0.174%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001769	+0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	+0.113%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001770	+0.090%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001770	+0.113%	$1.4M	$573K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	+0.057%	$589K	$906K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001768	long leg	$391K	$139K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001769	+0.057%	$393K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001769	+0.057%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001768	+0.017%	$2K	$833	—	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	0.0001768	0.000%	$13K	$612K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001770	+0.093%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0927%	1h	0.0001780	+0.679%	$2.0M	$199K	3x	as long as short