Settings8H · net · $10k
Funding arb · Price arb /

HMSTR

all HMSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.1812%/8h= +198.5% APRnext payment +$2.27 per $10,000 · paid last 24h +0.427%
Price spread now: Hyperliquid against Extended+0.527%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and Hyperliquid is 0.527% dearer against Extended than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended kHMSTR-USD0.00017810.0104pay 0.0013% / 1h18m 39s$9285x
ShortHyperliquid HMSTR0.00017900.1916get 0.0240% / 1h18m 39s$2.0M$116K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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

Funding earned
$380.6
Price spread: +0.527% → 0.000%
$52.73
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$419.33
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Hyperliquid live order book, 2 min ago27.85 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HMSTR-USDT+0.0070%4h0.0001780−0.034%$1.3Mas long as short
Aster HMSTRUSDT+0.0100%4h0.0001783+0.112%$33K$7K5xas long as short
Binance HMSTRUSDT+0.0100%4h0.0001781+0.028%$2.2M$1.9M10xas long as short
Bybit HMSTRUSDT+0.0100%4h0.0001780−0.034%$1.5M$603K25xas long as short
OKX HMSTR-USDT-SWAP+0.0100%4h0.0001781+0.022%$604K$752K10xas long as short
Gate HMSTR_USDT+0.0100%4h0.0001782+0.078%$406K$164K25xas long as short
MEXC HMSTR_USDT+0.0100%4h0.0001780−0.034%$389K$118K50xas long as short
KuCoin HMSTRUSDTM+0.0100%4h0.0001780−0.034%$258K$47K10xas long as short
Variational Omni HMSTR+0.0100%4h0.0001781+0.031%$2K$919as long as short
ApeX Omni HMSTRUSDT+0.0100%1h0.0001780−0.034%$13K$609K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended kHMSTR-USDlong+0.0104%1h0.0001781long leg$9285x
Hyperliquid HMSTRshort+0.1916%1h0.0001790+0.527%$2.0M$116K3x
Kraken Futures PF_HMSTRUSD+0.2245%1h0.0001779−0.089%$10K$7K10xas long as short