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: Binance against OKX+0.056%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · 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: Binance is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 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	OKX HMSTR-USDT-SWAP	0.0001775	0.0100	pay 0.0050% / 4h	20m 42s	$620K	$740K	10x
Short	Binance HMSTRUSDT	0.0001776	0.0100	get 0.0050% / 4h	20m 42s	$2.2M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.005%: $5.1
Slippage, 4 orders: −$94.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$109.75
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from OKX: live order book, 46 min ago; Binance: live order book, 14 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 OKX live order book, 46 min ago	2.81 bp	34.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.81 bp	22.1 bp −$22	167.9 bp −$1,679	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	0.0001776	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001777	+0.101%	$33K	$3K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001776	+0.056%	$2.2M	$1.9M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	0.000%	$1.5M	$597K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001775	long leg	$620K	$740K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001775	0.000%	$412K	$246K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001775	0.000%	$389K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001775	0.000%	$243K	$57K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001774	−0.046%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001776	+0.056%	$13K	$603K	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	0.0001775	+0.018%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.0965%	1h	0.0001790	+0.845%	$2.0M	$108K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2146%	1h	0.0001768	−0.395%	$10K	$6K	10x	as long as short