Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.056%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$901as in the Funding arb table

Net, price: spread back to 7d avg − costs−$899as in the Price arb table

costs, in and out, $10k−$9049.039% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.056%, 7d avg +0.011%

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: KuCoin is 0.045% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001783	0.0100	pay 0.0050% / 4h	16m 43s	$417K	$152K	25x
Short	KuCoin HMSTRUSDTM	0.0001784	0.0100	get 0.0050% / 4h	16m 43s	$259K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.011%: $4.46
Slippage, 4 orders: −$876.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$899.45
Costs to cover: 9.039%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; KuCoin: live order book, 64 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, 39 min ago	5.62 bp	58.6 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	8.43 bp	358.4 bp −$358	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	0.0001783	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001784	+0.067%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001783	+0.006%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001783	0.000%	$1.5M	$588K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001784	+0.056%	$610K	$734K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001783	long leg	$417K	$152K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001783	0.000%	$390K	$117K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001784	+0.056%	$259K	$50K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001781	−0.103%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001780	−0.168%	$13K	$610K	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	0.0001783	−0.022%	$928	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1109%	1h	0.0001784	+0.072%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.1987%	1h	0.0001790	+0.393%	$2.0M	$112K	3x	as long as short