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: ApeX Omni against Binance+0.056%99s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as 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−$1021.017% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.056%, 7d avg +0.012%

Together, before fees−0.025%−$3 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: ApeX Omni is 0.045% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 99 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	Binance HMSTRUSDT	0.0001770	0.0100	pay 0.0050% / 4h	1h 11m	$2.2M	$2.2M	10x
Short	ApeX Omni HMSTRUSDT	0.0001771	0.0100	get 0.0013% / 1h	11m 57s	$13K	$613K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.012%: $4.46
Slippage, 4 orders: −$81.68
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$97.23
Costs to cover: 1.017%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 6 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 Binance live order book, 8 min ago	2.83 bp	19.5 bp −$19	205.6 bp −$2,056	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	11.29 bp	29.3 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
Kraken Futures PF_HMSTRUSD	−0.0894%	1h	0.0001770	−0.013%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001771	+0.056%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTlong	+0.0100%	4h	0.0001770	long leg	$2.2M	$2.2M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001770	0.000%	$1.5M	$588K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001770	0.000%	$590K	$902K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	0.000%	$389K	$141K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	+0.056%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	0.000%	$247K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001772	+0.129%	$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 HMSTRUSDTshort	+0.0100%	1h	0.0001771	+0.056%	$13K	$613K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001770	+0.003%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0733%	1h	0.0001780	+0.565%	$2.0M	$176K	3x	as long as short