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: Binance against OKX+0.045%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.045%, 7d avg +0.008%

Together, before fees−0.060%−$6 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 0.037% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HMSTR-USDT-SWAP	0.0001769	0.0100	pay 0.0050% / 4h	1h 25m	$590K	$907K	10x
Short	Binance HMSTRUSDT	0.0001770	0.0100	get 0.0050% / 4h	1h 25m	$2.2M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.008%: $3.75
Slippage, 4 orders: −$77.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.7
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from OKX: live order book, 21 min ago; Binance: live order book, 9 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 OKX live order book, 21 min ago	2.83 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.83 bp	20.0 bp −$20	123.8 bp −$1,238	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	+0.026%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	+0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	+0.085%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001770	+0.045%	$2.2M	$2.2M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001769	0.000%	$1.4M	$571K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001769	long leg	$590K	$907K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001769	0.000%	$389K	$140K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001769	0.000%	$385K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001769	0.000%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001767	−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	0.0001767	−0.113%	$13K	$613K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001769	+0.026%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0606%	1h	0.0001780	+0.622%	$2.0M	$187K	3x	as long as short