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: KuCoin against MEXC+0.056%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$673as in the Funding arb table

Net, price: spread back to 7d avg − costs−$669as in the Price arb table

costs, in and out, $10k−$6756.752% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.056%, 7d avg −0.005%

Together, before fees−0.050%−$5 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: KuCoin is 0.061% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001778	0.0100	pay 0.0050% / 4h	1h 18m	$387K	$117K	50x
Short	KuCoin HMSTRUSDTM	0.0001779	0.0100	get 0.0050% / 4h	1h 18m	$253K	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → −0.005%: $6.09
Slippage, 4 orders: −$659.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$669.15
Costs to cover: 6.752%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; KuCoin: live order book, 24 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 MEXC live order book, 7 min ago	2.81 bp	10.0 bp −$10	49.4 bp −$494	140.7 bp −$14.1K	5535.4 bp −$2.77M
Sell KuCoin live order book, 24 min ago	5.62 bp	268.6 bp −$269	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
BingX HMSTR-USDT	+0.0070%	4h	0.0001778	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001778	+0.006%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001779	+0.028%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001777	−0.056%	$1.5M	$595K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001778	0.000%	$624K	$728K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001778	0.000%	$413K	$232K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001778	long leg	$387K	$117K	50x
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001779	+0.056%	$253K	$58K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001779	+0.039%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001776	−0.112%	$13K	$604K	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	+0.004%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1878%	1h	0.0001780	+0.112%	$2.0M	$112K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.3181%	1h	0.0001780	+0.133%	$10K	$6K	10x	as long as short