Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−0.113%111s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.788% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.113%, 7d avg −0.036%

Together, before fees+0.014%+$1 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: MEXC is 0.077% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HMSTRUSDT	0.0001765	0.0100	pay 0.0013% / 1h	29m 39s	$13K	$621K	50x
Short	MEXC HMSTR_USDT	0.0001763	0.0100	get 0.0050% / 4h	2h 29m	$377K	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.036%: −$7.69
Slippage, 4 orders: −$64.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$86.53
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; MEXC: live order book, 53 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, 58 min ago	11.30 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 53 min ago	2.83 bp	11.0 bp −$11	48.6 bp −$486	152.9 bp −$15.3K	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	0.0001764	−0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	+0.023%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001764	−0.079%	$2.2M	$2.4M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001763	−0.113%	$1.4M	$610K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001765	0.000%	$587K	$947K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001764	−0.057%	$391K	$143K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001763	−0.113%	$377K	$119K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001764	−0.057%	$247K	$62K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001764	−0.033%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001765	long leg	$13K	$621K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001765	−0.014%	$918	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1010%	1h	0.0001761	−0.224%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2632%	1h	0.0001770	+0.283%	$1.9M	$223K	3x	as long as short