Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against ApeX Omni+0.282%80s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as 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−$1201.198% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.282%, 7d avg −0.019%

Together, before fees−0.328%−$33 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: OKX is 0.301% dearer against ApeX Omni than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 80 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	0.0001771	0.0100	pay 0.0013% / 1h	54m 12s	$13K	$614K	50x
Short	OKX HMSTR-USDT-SWAP	0.0001776	0.0100	get 0.0050% / 4h	54m 12s	$592K	$896K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.282%Rate

Funding earned: $0
Price spread: +0.282% → −0.019%: $30.09
Slippage, 4 orders: −$99.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$89.75
Costs to cover: 1.198%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; OKX: live order book, 52 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, 24 min ago	11.29 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 52 min ago	2.83 bp	29.4 bp −$29	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	0.0001776	+0.282%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001775	+0.248%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001775	+0.226%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	+0.226%	$1.5M	$580K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001776	+0.282%	$592K	$896K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001773	+0.113%	$393K	$130K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001775	+0.226%	$390K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001776	+0.282%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001773	+0.127%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001771	long leg	$13K	$614K	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	0.0001775	+0.206%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0381%	1h	0.0001779	+0.443%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.3324%	1h	0.0001780	+0.508%	$2.0M	$146K	3x	as long as short