Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit−0.025%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it 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	Bybit HMSTRUSDT	0.0001773	0.0100	pay 0.0050% / 4h	3h 18m	$1.5M	$580K	25x
Short	Extended kHMSTR-USD	0.0001773	0.0104	get 0.0013% / 1h	18m 42s	$928	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.84
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.71
Costs to cover: 0.160%
Break-even: 154.6 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.82 bp	40.2 bp −$40	doesn't fit	doesn't fit	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
BingX HMSTR-USDT	+0.0070%	4h	0.0001775	+0.113%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001775	+0.096%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001773	0.000%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001773	long leg	$1.5M	$580K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001773	0.000%	$588K	$843K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001776	+0.169%	$395K	$150K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001772	−0.056%	$387K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001775	+0.113%	$249K	$48K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001776	+0.153%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001776	+0.169%	$13K	$612K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USDshort	+0.0104%	1h	0.0001773	−0.025%	$928	—	5x
Kraken Futures PF_HMSTRUSD	+0.1592%	1h	0.0001776	+0.166%	$10K	$8K	10x	as long as short
Hyperliquid HMSTR	+0.3061%	1h	0.0001780	+0.395%	$2.0M	$115K	3x	as long as short