HMSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against KuCoin0.000%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs−$708as in the Price arb table

costs, in and out, $10k−$7067.063% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now 0.000%, 7d avg +0.021%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001780	0.0100	pay 0.0050% / 4h	2h 48m	$252K	$54K	10x
Short	BingX HMSTR-USDT	0.0001780	0.0070	get 0.0035% / 4h	2h 48m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.3
Price spread: 0.000% → +0.021%: −$2.08
Slippage, 4 orders: −$684.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$714.69
Costs to cover: 7.063%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; BingX: 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 KuCoin live order book, 8 min ago	11.25 bp	311.5 bp −$312	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.61 bp	19.6 bp −$20	69.7 bp −$697	701.1 bp −$70.1K	1109.2 bp −$554.6K

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-USDTshort	+0.0070%	4h	0.0001780	0.000%	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001781	+0.067%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001780	−0.017%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001780	0.000%	$1.5M	$591K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001780	0.000%	$617K	$746K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001780	0.000%	$407K	$223K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001778	−0.112%	$385K	$113K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001780	long leg	$252K	$54K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001780	+0.011%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001779	−0.056%	$13K	$605K	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	−0.082%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.0813%	1h	0.0001790	+0.562%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2861%	1h	0.0001783	+0.153%	$10K	$6K	10x	as long as short