Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against BingX−0.112%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.112%, 7d avg +0.007%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.119% cheaper against BingX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.007%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HMSTR-USDT	0.0001787	0.0070	pay 0.0035% / 4h	3h 12m	—	$1.3M	—
Short	ApeX Omni HMSTRUSDT	0.0001785	0.0100	get 0.0013% / 1h	12m 57s	$13K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: $6.3
Price spread: −0.112% → +0.007%: −$11.92
Slippage, 4 orders: −$80.08
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$105.7
Costs to cover: 1.001%
Break-even: 124.4 days

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 40 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 BingX live order book, 3 min ago	8.40 bp	20.9 bp −$21	90.7 bp −$907	721.4 bp −$72.1K	doesn't fit
Sell ApeX Omni live order book, 40 min ago	13.97 bp	30.5 bp −$30	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-USDTlong	+0.0070%	4h	0.0001787	long leg	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001786	−0.073%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001785	−0.095%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001786	−0.056%	$1.5M	$590K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001786	−0.056%	$618K	$744K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001787	0.000%	$400K	$230K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001786	−0.056%	$387K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001787	0.000%	$245K	$52K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001786	−0.045%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001785	−0.112%	$13K	$608K	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	0.0001785	−0.124%	$933	—	5x	as long as short
Hyperliquid HMSTR	+0.1483%	1h	0.0001790	+0.168%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2151%	1h	0.0001786	−0.068%	$10K	$6K	10x	as long as short