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: OKX against MEXC−0.057%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.057%, 7d avg +0.024%

Together, before fees+0.275%+$28 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: OKX is 0.081% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001767	0.0100	pay 0.0050% / 4h	1h 45m	$380K	$113K	50x
Short	OKX HMSTR-USDT-SWAP	0.0001766	0.0100	get 0.0050% / 4h	1h 45m	$588K	$908K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.024%: −$8.1
Slippage, 4 orders: −$63.87
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.97
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from MEXC: live order book, 28 min ago; OKX: live order book, just now.

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, 28 min ago	2.84 bp	10.8 bp −$11	50.7 bp −$507	153.4 bp −$15.3K	4294.0 bp −$2.15M
Sell OKX live order book, just now	2.83 bp	29.4 bp −$29	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
Kraken Futures PF_HMSTRUSD	−0.0896%	1h	0.0001766	−0.041%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001767	0.000%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001770	+0.170%	$1.9M	$210K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001766	−0.045%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001767	−0.006%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001766	−0.057%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001766	−0.057%	$588K	$908K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	−0.226%	$390K	$139K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001767	long leg	$380K	$113K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001764	−0.170%	$247K	$59K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HMSTR	+0.0100%	4h	0.0001764	−0.150%	$2K	$833	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	−0.170%	$13K	$615K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001767	−0.017%	$918	—	5x	as long as short