Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against MEXC−0.056%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.056%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.075% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC HMSTR_USDT | 0.0001770 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $387K | $115K | 50x |
| Short | BingX HMSTR-USDT | 0.0001769 | 0.0070 | get 0.0035% / 4h | 3h 28m | — | $1.3M | — |
MEXC HMSTR_USDT
BingX HMSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: −0.056% → +0.019%
- −$7.51
- Slippage, 4 orders
- −$28.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$56.8
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 52 min ago; BingX: live order book, 2 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 MEXC live order book, 52 min ago | 2.82 bp | 9.8 bp −$10 | 58.0 bp −$580 | 157.8 bp −$15.8K | 6908.2 bp −$3.45M |
| Sell BingX live order book, 2 min ago | 2.83 bp | 7.8 bp −$8 | 47.6 bp −$476 | 690.9 bp −$69.1K | 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-USDTshort | +0.0070% | 4h | 0.0001769 | −0.056% | — | $1.3M | — | |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001770 | −0.023% | $33K | $3K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001770 | −0.017% | $2.2M | $2.0M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001769 | −0.056% | $1.5M | $600K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001770 | 0.000% | $616K | $744K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001769 | −0.056% | $412K | $244K | 25x | as long as short |
| MEXC HMSTR_USDTlong | +0.0100% | 4h | 0.0001770 | long leg | $387K | $115K | 50x | |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001770 | 0.000% | $243K | $61K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001768 | −0.101% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001766 | −0.226% | $13K | $610K | 50x | as long as short |
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001770 | −0.027% | $924 | — | 5x | as long as short |
| Hyperliquid HMSTR | +0.0742% | 1h | 0.0001780 | +0.565% | $2.0M | $107K | 3x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.0954% | 1h | 0.0001771 | +0.031% | $10K | $6K | 10x | as long as short |
Extended kHMSTR-USD
Hyperliquid HMSTR
Kraken Futures PF_HMSTRUSD