Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against OKX−0.112%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.426%−$43 · spread now −0.112%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.103% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HMSTR-USDT-SWAP | 0.0001788 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $621K | $743K | 10x |
| Short | BingX HMSTR-USDT | 0.0001786 | 0.0070 | get 0.0035% / 4h | 3h 01m | — | $1.3M | — |
OKX HMSTR-USDT-SWAP
BingX HMSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: −0.112% → −0.009%
- −$10.31
- Slippage, 4 orders
- −$93.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$129.82
- Costs to cover
- 1.132%
- Break-even
- never at this rate
Slippage from OKX: live order book, 60 min ago; BingX: live order book, 5 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, 60 min ago | 2.81 bp | 33.3 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.60 bp | 19.1 bp −$19 | 87.1 bp −$871 | 736.9 bp −$73.7K | 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-USDTshort | +0.0070% | 4h | 0.0001786 | −0.112% | — | $1.3M | — | |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001786 | −0.095% | $33K | $3K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001786 | −0.134% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001785 | −0.168% | $1.5M | $574K | 25x | as long as short |
| OKX HMSTR-USDT-SWAPlong | +0.0100% | 4h | 0.0001788 | long leg | $621K | $743K | 10x | |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001786 | −0.112% | $420K | $248K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001785 | −0.168% | $395K | $117K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001786 | −0.112% | $248K | $62K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001787 | −0.044% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001785 | −0.168% | $13K | $611K | 50x | as long as short |
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001785 | −0.145% | $929 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.0945% | 1h | 0.0001787 | −0.056% | $10K | $6K | 10x | as long as short |
| Hyperliquid HMSTR | +0.1307% | 1h | 0.0001790 | +0.112% | $2.0M | $91K | 3x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD
Hyperliquid HMSTR