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: MEXC against KuCoin−0.056%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$690as in the Funding arb table

Net, price: spread back to 7d avg − costs−$695as in the Price arb table

costs, in and out, $10k−$6896.887% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.056%, 7d avg +0.005%

Together, before fees+0.050%+$5 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: MEXC is 0.061% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001779	0.0100	pay 0.0050% / 4h	1h 42m	$244K	$56K	10x
Short	MEXC HMSTR_USDT	0.0001778	0.0100	get 0.0050% / 4h	1h 42m	$387K	$115K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.005%: −$6.09
Slippage, 4 orders: −$672.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$694.78
Costs to cover: 6.887%
Break-even: never at this rate

Slippage from KuCoin: live order book, 74 min ago; MEXC: live order book, 48 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, 74 min ago	11.25 bp	311.5 bp −$312	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 min ago	2.83 bp	9.8 bp −$10	57.9 bp −$579	143.1 bp −$14.3K	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	0.0001778	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001778	−0.045%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001779	−0.011%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001779	0.000%	$1.5M	$603K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001781	+0.112%	$625K	$748K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001777	−0.112%	$413K	$232K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001778	−0.056%	$387K	$115K	50x
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001779	long leg	$244K	$56K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001774	−0.270%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	−0.337%	$13K	$606K	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	0.0001778	−0.032%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1470%	1h	0.0001780	+0.056%	$2.0M	$115K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.3179%	1h	0.0001782	+0.162%	$10K	$6K	10x	as long as short