Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.010%

Price spread now: Extended against BingX+0.125%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.125% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread 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	BingX HMSTR-USDT	0.0001762	0.0070	pay 0.0035% / 4h	1h 55m	—	$1.3M	—
Short	Extended kHMSTR-USD	0.0001764	0.0104	get 0.0013% / 1h	55m 43s	$918	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.125%Rate

Funding earned: $7.14
Price spread: +0.125% → 0.000%: $12.54
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.68
Costs to cover: 0.150%
Break-even: 2.4 days

Slippage unknown: BingX: live order book, 4 min ago; Extended: 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 BingX live order book, 4 min ago	2.84 bp	15.8 bp −$16	71.6 bp −$716	736.2 bp −$73.6K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0897%	1h	0.0001764	+0.138%	$10K	$11K	10x	as long as short
BingX HMSTR-USDTlong	+0.0070%	4h	0.0001762	long leg	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001764	+0.136%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001765	+0.182%	$2.2M	$2.3M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001764	+0.114%	$1.4M	$578K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001764	+0.114%	$587K	$910K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	+0.057%	$390K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001765	+0.170%	$380K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001762	0.000%	$246K	$61K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001756	−0.316%	$2K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001759	−0.170%	$13K	$618K	50x	as long as short
Extended kHMSTR-USDshort	+0.0104%	1h	0.0001764	+0.125%	$918	—	5x
Hyperliquid HMSTR	+0.0544%	1h	0.0001780	+1.022%	$2.0M	$210K	3x	as long as short