Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.170%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1451.448% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.305%−$31 · spread now +0.170%, 7d avg −0.042%

Together, before fees−0.385%−$39 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: Bybit is 0.212% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HMSTRUSDT	0.0001769	0.0100	pay 0.0013% / 1h	17m 04s	$13K	$613K	50x
Short	Bybit HMSTRUSDT	0.0001772	0.0100	get 0.0050% / 4h	1h 17m	$1.5M	$587K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → −0.042%: $21.17
Slippage, 4 orders: −$123.79
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$123.62
Costs to cover: 1.448%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Bybit: live order book, 4 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 ApeX Omni live order book, 66 min ago	8.49 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.82 bp	43.7 bp −$44	938.0 bp −$9,380	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	−0.0897%	1h	0.0001765	−0.251%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001772	+0.170%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.187%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	+0.170%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001772	+0.170%	$1.5M	$587K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001771	+0.113%	$590K	$904K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001771	+0.113%	$389K	$141K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	+0.113%	$383K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001771	+0.113%	$248K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	+0.072%	$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 HMSTRUSDTlong	+0.0100%	1h	0.0001769	long leg	$13K	$613K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001771	+0.128%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0426%	1h	0.0001780	+0.622%	$2.0M	$187K	3x	as long as short