Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate0.000%66s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as 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−$2022.019% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now 0.000%, 7d avg +0.049%

Together, before fees+0.125%+$13 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 0.049% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 66 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	Gate HMSTR_USDT	0.0001769	0.0100	pay 0.0050% / 4h	32m 11s	$392K	$132K	25x
Short	ApeX Omni HMSTRUSDT	0.0001769	0.0100	get 0.0013% / 1h	32m 11s	$13K	$611K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.049%: −$4.93
Slippage, 4 orders: −$176.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$206.8
Costs to cover: 2.019%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; ApeX Omni: live order book, 46 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 Gate live order book, 43 min ago	5.65 bp	73.0 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	11.29 bp	29.3 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
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	+0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001771	+0.090%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	+0.107%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	+0.113%	$1.5M	$580K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001771	+0.113%	$592K	$890K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001769	long leg	$392K	$132K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	+0.113%	$389K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	+0.057%	$246K	$49K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001768	−0.040%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001769	0.000%	$13K	$611K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001771	+0.094%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001772	+0.185%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2299%	1h	0.0001780	+0.622%	$2.0M	$125K	3x	as long as short