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: OKX against MEXC+0.112%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.112%, 7d avg +0.026%

Together, before fees+0.017%+$2 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: OKX is 0.086% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001780	0.0100	pay 0.0050% / 4h	12m 20s	$390K	$117K	50x
Short	OKX HMSTR-USDT-SWAP	0.0001782	0.0100	get 0.0050% / 4h	12m 20s	$623K	$739K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.026%: $8.6
Slippage, 4 orders: −$76.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.82
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; OKX: live order book, 54 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, 8 min ago	2.82 bp	9.8 bp −$10	58.0 bp −$580	157.8 bp −$15.8K	6908.2 bp −$3.45M
Sell OKX live order book, 54 min ago	2.81 bp	34.9 bp −$35	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	0.0001781	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001779	−0.084%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001781	+0.079%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001781	+0.056%	$1.5M	$598K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001782	+0.112%	$623K	$739K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001780	0.000%	$413K	$246K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001780	long leg	$390K	$117K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001781	+0.056%	$246K	$58K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001780	+0.013%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001778	−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	0.0001781	+0.051%	$930	—	5x	as long as short
Hyperliquid HMSTR	+0.0708%	1h	0.0001790	+0.562%	$2.0M	$107K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2140%	1h	0.0001773	−0.394%	$10K	$6K	10x	as long as short