Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0963%/8h= −105.5% APRpaid last 24h +0.067%

Price spread now: Kraken Futures against BingX+0.043%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.043% dearer against BingX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HMSTR-USDT	0.0001771	0.0070	pay 0.0035% / 4h	1h 42m	—	$1.3M	—
Short	Kraken Futures PF_HMSTRUSD	0.0001772	−0.0893	pay 0.0112% / 1h	42m 52s	$10K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$202.25
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$217.96
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Kraken Futures: 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, 3 min ago	5.66 bp	19.1 bp −$19	81.8 bp −$818	704.3 bp −$70.4K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_HMSTRUSDshort	−0.0893%	1h	0.0001772	+0.043%	$10K	$11K	10x
BingX HMSTR-USDTlong	+0.0070%	4h	0.0001771	long leg	—	$1.3M	—
Hyperliquid HMSTR	+0.0100%	1h	0.0001780	+0.508%	$2.0M	$199K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.040%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	+0.017%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	−0.113%	$589K	$910K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	−0.056%	$391K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	0.000%	$387K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	−0.056%	$248K	$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 HMSTR	+0.0100%	4h	0.0001765	−0.320%	$2K	$833	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001765	−0.339%	$13K	$614K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001770	−0.035%	$923	—	5x	as long as short