Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended−0.028%7-day average — · you buy dearer than you sell

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

Long on Extended Short on MEXC

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: MEXC is 0.028% cheaper against Extended 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	Extended kHMSTR-USD	0.0001771	0.0104	pay 0.0013% / 1h	42m 34s	$923	—	5x
Short	MEXC HMSTR_USDT	0.0001771	0.0100	get 0.0050% / 4h	1h 42m	$387K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ExtendedbpFee MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$0.84
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$12.63
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; MEXC: live order book, 31 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell MEXC live order book, 31 min ago	2.84 bp	9.8 bp −$10	45.2 bp −$452	152.5 bp −$15.2K	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HMSTRUSD	−0.0893%	1h	0.0001772	+0.015%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001771	−0.028%	—	$1.3M	—	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	−0.005%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	−0.028%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	−0.141%	$589K	$908K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	−0.084%	$391K	$139K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001771	−0.028%	$387K	$114K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	−0.084%	$248K	$59K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001765	−0.348%	$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 HMSTRUSDT	+0.0100%	1h	0.0001765	−0.367%	$13K	$614K	50x	as long as short
Extended kHMSTR-USDlong	+0.0104%	1h	0.0001771	long leg	$923	—	5x
Hyperliquid HMSTR	+0.0191%	1h	0.0001780	+0.480%	$2.0M	$199K	3x	as long as short