Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.145%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.145% cheaper against Aster than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HMSTRUSDT	0.0001768	0.0100	pay 0.0050% / 4h	1h 44m	$33K	$7K	5x
Short	Variational Omni HMSTR	0.0001765	0.0100	get 0.0050% / 4h	1h 44m	$2K	$833	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → 0.000%: −$14.52
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.52
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0895%	1h	0.0001768	+0.031%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	+0.119%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001770	+0.119%	$1.9M	$199K	3x	as long as short
Aster HMSTRUSDTlong	+0.0100%	4h	0.0001768	long leg	$33K	$7K	5x
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	+0.175%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	+0.175%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	+0.062%	$590K	$911K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	+0.119%	$391K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001770	+0.119%	$381K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001769	+0.062%	$247K	$59K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HMSTRshort	+0.0100%	4h	0.0001765	−0.145%	$2K	$833	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	−0.221%	$13K	$614K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001771	+0.156%	$923	—	5x	as long as short