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: MEXC against Binance+0.017%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.017%, 7d avg −0.032%

Together, before fees−0.198%−$20 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 0.049% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HMSTRUSDT	0.0001772	0.0100	pay 0.0050% / 4h	25m 23s	$2.2M	$2.1M	10x
Short	MEXC HMSTR_USDT	0.0001772	0.0100	get 0.0050% / 4h	25m 23s	$389K	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.032%: $4.87
Slippage, 4 orders: −$46.39
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.52
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: live order book, 35 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 Binance live order book, 9 min ago	2.83 bp	19.9 bp −$20	186.8 bp −$1,868	doesn't fit	doesn't fit
Sell MEXC live order book, 35 min ago	2.82 bp	8.3 bp −$8	41.0 bp −$410	156.6 bp −$15.7K	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	0.0001773	+0.073%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001773	+0.051%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001772	long leg	$2.2M	$2.1M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001772	+0.017%	$1.5M	$579K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	+0.017%	$593K	$876K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001772	+0.017%	$392K	$132K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001772	+0.017%	$389K	$118K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001772	+0.017%	$246K	$49K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001771	−0.023%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001770	−0.096%	$13K	$611K	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	0.0001772	−0.001%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001774	+0.102%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2687%	1h	0.0001780	+0.468%	$2.0M	$116K	3x	as long as short