Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0910%/8h= −99.7% APRpaid last 24h −0.040%

Price spread now: Binance against Kraken Futures+0.244%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.244% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001761	0.1010	pay 0.0126% / 1h	33m 47s	$10K	$11K	10x
Short	Binance HMSTRUSDT	0.0001765	0.0100	get 0.0050% / 4h	2h 33m	$2.2M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.244%Rate

Funding earned: −$191.19
Price spread: +0.244% → 0.000%: $24.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$186.82
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 1 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	2.83 bp	17.0 bp −$17	109.1 bp −$1,091	doesn't fit	doesn't fit

Kraken Futures: 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	0.0001765	+0.227%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	+0.249%	$33K	$7K	5x	as long as short
Binance HMSTRUSDTshort	+0.0100%	4h	0.0001765	+0.244%	$2.2M	$2.4M	10x
Bybit HMSTRUSDT	+0.0100%	4h	0.0001765	+0.227%	$1.5M	$612K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001766	+0.283%	$587K	$955K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001764	+0.170%	$391K	$143K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001765	+0.227%	$377K	$119K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001764	+0.170%	$247K	$62K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001763	+0.138%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	+0.170%	$13K	$621K	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-USD	+0.0104%	1h	0.0001765	+0.232%	$918	—	5x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.1010%	1h	0.0001761	long leg	$10K	$11K	10x
Hyperliquid HMSTR	+0.2985%	1h	0.0001780	+1.078%	$2.0M	$255K	3x	as long as short