Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.006%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$838as in the Price arb table

costs, in and out, $10k−$8358.345% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.610%+$61 · spread now +0.006%, 7d avg +0.037%

Together, before fees+0.592%+$59 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 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001777	0.0100	pay 0.0050% / 4h	1h 07m	$254K	$48K	10x
Short	Binance HMSTRUSDT	0.0001777	0.0100	get 0.0050% / 4h	1h 07m	$2.2M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.037%: −$3.15
Slippage, 4 orders: −$812.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$837.7
Costs to cover: 8.345%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Binance: live order book, 12 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 KuCoin live order book, 13 min ago	8.43 bp	431.0 bp −$431	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.81 bp	23.3 bp −$23	160.8 bp −$1,608	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	0.0001777	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001779	+0.124%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001777	+0.006%	$2.2M	$1.9M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001777	0.000%	$1.5M	$602K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001776	−0.056%	$604K	$748K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001779	+0.113%	$405K	$164K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001777	0.000%	$388K	$118K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001777	long leg	$254K	$48K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001782	+0.290%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001781	+0.225%	$13K	$609K	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	0.0001778	+0.035%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1837%	1h	0.0001790	+0.732%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2243%	1h	0.0001781	+0.208%	$10K	$7K	10x	as long as short