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 Bybit+0.067%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.067%, 7d avg +0.039%

Together, before fees−0.069%−$7 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 0.028% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HMSTRUSDT	0.0001785	0.0100	pay 0.0050% / 4h	3h 54m	$1.5M	$596K	25x
Short	Binance HMSTRUSDT	0.0001786	0.0100	get 0.0050% / 4h	3h 54m	$2.2M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.039%: $2.84
Slippage, 4 orders: −$97.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.18
Costs to cover: 1.180%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 10 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 Bybit live order book, 1 min ago	5.62 bp	38.4 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.82 bp	23.1 bp −$23	147.2 bp −$1,472	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	0.0001785	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001784	−0.034%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001786	+0.067%	$2.2M	$1.9M	10x
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001785	long leg	$1.5M	$596K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001787	+0.112%	$614K	$742K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001783	−0.112%	$399K	$226K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001786	+0.056%	$388K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001784	−0.056%	$259K	$50K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001778	−0.382%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	−0.560%	$13K	$613K	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	0.0001785	+0.006%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1440%	1h	0.0001790	+0.280%	$2.0M	$117K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2153%	1h	0.0001784	−0.053%	$10K	$6K	10x	as long as short