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 Bybit−0.339%69s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as 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−$1501.503% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.474%+$47 · spread now −0.339%, 7d avg +0.042%

Together, before fees+0.554%+$55 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 0.381% cheaper against Bybit than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 69 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	Bybit HMSTRUSDT	0.0001771	0.0100	pay 0.0050% / 4h	1h 42m	$1.4M	$577K	25x
Short	ApeX Omni HMSTRUSDT	0.0001765	0.0100	get 0.0013% / 1h	42m 18s	$13K	$614K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.339%Rate

Funding earned: $0
Price spread: −0.339% → +0.042%: −$38.09
Slippage, 4 orders: −$129.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$188.35
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 41 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 Bybit live order book, 4 min ago	2.83 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 41 min ago	8.49 bp	28.8 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	−0.0892%	1h	0.0001773	+0.134%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.062%	$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 HMSTRUSDTlong	+0.0100%	4h	0.0001771	long leg	$1.4M	$577K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	−0.113%	$589K	$908K	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
Variational Omni HMSTR	+0.0100%	4h	0.0001765	−0.320%	$2K	$833	—	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	0.0001765	−0.339%	$13K	$614K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001771	−0.001%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.0286%	1h	0.0001780	+0.508%	$2.0M	$199K	3x	as long as short