Settings8H · net · $10k
Funding arb · Price arb /

HMSTR

all HMSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.475%
Price spread now: Hyperliquid against ApeX Omni+0.340%65s7-day average +0.336% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1611.610% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.580%+$58 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.340%, 7d avg +0.336%
Together, before fees+0.555%+ Points / potential airdropHyperliquid: Season 2 · farm board+$55 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HMSTRUSDT0.00017640.0100pay 0.0013% / 1h44m 17s$13K$614K50x
ShortHyperliquid HMSTR0.00017700.0100get 0.0013% / 1h44m 17s$1.9M$199K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.340% → +0.336%
$0.46
Slippage, 4 orders
−$142.01
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$160.54
Costs to cover
1.610%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 39 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 39 min ago8.49 bp30.0 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago28.17 bp32.7 bp −$33doesn't fitdoesn't fitdoesn't fit

HMSTR on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_HMSTRUSD−0.0893%1h0.0001772+0.443%$10K$11K10xas long as short
BingX HMSTR-USDT+0.0070%4h0.0001769+0.283%$1.3Mas long as short
Hyperliquid HMSTRshort+0.0100%1h0.0001770+0.340%$1.9M$199K3x
Aster HMSTRUSDT+0.0100%4h0.0001772+0.442%$33K$7K5xas long as short
Binance HMSTRUSDT+0.0100%4h0.0001771+0.380%$2.2M$2.2M10xas long as short
Bybit HMSTRUSDT+0.0100%4h0.0001771+0.397%$1.4M$577K25xas long as short
OKX HMSTR-USDT-SWAP+0.0100%4h0.0001769+0.283%$589K$911K10xas long as short
Gate HMSTR_USDT+0.0100%4h0.0001770+0.340%$391K$139K25xas long as short
MEXC HMSTR_USDT+0.0100%4h0.0001770+0.340%$381K$113K50xas long as short
KuCoin HMSTRUSDTM+0.0100%4h0.0001769+0.283%$247K$59K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni HMSTR+0.0100%4h0.0001765+0.076%$2K$833as long as short
ApeX Omni HMSTRUSDTlong+0.0100%1h0.0001764long leg$13K$614K50x
Extended kHMSTR-USD+0.0104%1h0.0001770+0.360%$9235xas long as short