Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.056%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1911.910% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.385%−$39 · spread now +0.056%, 7d avg −0.041%

Together, before fees−0.414%−$41 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 0.098% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HMSTR-USDT-SWAP	0.0001771	0.0100	pay 0.0050% / 4h	43m 19s	$603K	$740K	10x
Short	Gate HMSTR_USDT	0.0001772	0.0100	get 0.0050% / 4h	43m 19s	$404K	$146K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → −0.041%: $9.77
Slippage, 4 orders: −$166
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$181.22
Costs to cover: 1.910%
Break-even: never at this rate

Slippage from OKX: live order book, 43 min ago; Gate: live order book, 12 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, 43 min ago	2.82 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	5.62 bp	55.9 bp −$56	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	0.0001772	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001774	+0.152%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001773	+0.130%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001773	+0.113%	$1.4M	$595K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001771	long leg	$603K	$740K	10x
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001772	+0.056%	$404K	$146K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001773	+0.113%	$387K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001773	+0.113%	$258K	$50K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	−0.047%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001770	−0.056%	$13K	$610K	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	0.0001773	+0.104%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1115%	1h	0.0001775	+0.210%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.1479%	1h	0.0001780	+0.508%	$2.0M	$112K	3x	as long as short