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: Gate against KuCoin−0.056%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,224as in the Price arb table

costs, in and out, $10k−$1,21912.192% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.056%, 7d avg −0.009%

Together, before fees+0.009%+$1 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: Gate is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001772	0.0100	pay 0.0050% / 4h	1h 15m	$248K	$59K	10x
Short	Gate HMSTR_USDT	0.0001771	0.0100	get 0.0050% / 4h	1h 15m	$389K	$141K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.009%: −$4.7
Slippage, 4 orders: −$1,192.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,223.88
Costs to cover: 12.192%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Gate: live order book, 65 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, 54 min ago	8.51 bp	432.7 bp −$433	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	8.49 bp	71.7 bp −$72	doesn't fit	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
Kraken Futures PF_HMSTRUSD	−0.0894%	1h	0.0001769	−0.156%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001772	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.023%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	−0.017%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001772	0.000%	$1.5M	$589K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	0.000%	$590K	$905K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001771	−0.056%	$389K	$141K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001772	0.000%	$383K	$117K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001772	long leg	$248K	$59K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001770	−0.097%	$2K	$920	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−0.169%	$13K	$613K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001772	−0.019%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0569%	1h	0.0001780	+0.451%	$2.0M	$187K	3x	as long as short