Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.057%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$866as in the Funding arb table

Net, price: spread back to 7d avg − costs−$864as in the Price arb table

costs, in and out, $10k−$8588.581% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.713%+$71 · spread now −0.057%, 7d avg +0.007%

Together, before fees+0.635%+$63 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: Bybit is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001769	0.0100	pay 0.0050% / 4h	3h 31m	$243K	$61K	10x
Short	Bybit HMSTRUSDT	0.0001768	0.0100	get 0.0050% / 4h	3h 31m	$1.5M	$599K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.007%: −$6.31
Slippage, 4 orders: −$835.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$864.41
Costs to cover: 8.581%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bybit: live order book, 4 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, 60 min ago	8.43 bp	389.0 bp −$389	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.82 bp	57.2 bp −$57	1012.8 bp −$10.1K	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	0.0001770	+0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	+0.062%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001769	+0.028%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001768	−0.057%	$1.5M	$599K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	0.000%	$616K	$737K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	+0.057%	$413K	$244K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001769	0.000%	$389K	$115K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001769	long leg	$243K	$61K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001774	+0.294%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	+0.339%	$13K	$608K	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	0.0001769	+0.002%	$924	—	5x	as long as short
Hyperliquid HMSTR	+0.0874%	1h	0.0001780	+0.622%	$2.0M	$108K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0953%	1h	0.0001772	+0.164%	$10K	$6K	10x	as long as short