HMSTR arbitrage explained
Right now Hamster Kombat (HMSTR) trades on 10 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.000165 and the highest bid on Bybit spot at $0.000165.
The widest HMSTR perpetual spread is between Bybit and Gate: long HMSTR on Bybit at $0.000165 and short on Gate at $0.000165 for +0.06% gross, or -0.10% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HMSTR route is to buy spot on Gate and short the perpetual on Gate: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot HMSTR arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.12% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small HMSTR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: HMSTR funding rates · HMSTR spread charts · Hamster Kombat price · arbitrage scanner for all coins.