Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1515%/8h= −165.9% APRpaid last 24h −0.075%

Price spread now: BingX against Kraken Futures+0.035%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 BingX

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. BingX is 0.035% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001783	0.1585	pay 0.0198% / 1h	14m 51s	$10K	$8K	10x
Short	BingX HMSTR-USDT	0.0001784	0.0070	get 0.0035% / 4h	3h 14m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$318.13
Price spread: +0.035% → 0.000%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$334.65
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: 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 BingX live order book, 1 min ago	5.61 bp	16.2 bp −$16	61.9 bp −$619	718.6 bp −$71.9K	1064.0 bp −$532.0K

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-USDTshort	+0.0070%	4h	0.0001784	+0.035%	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001784	+0.052%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001786	+0.119%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001785	+0.091%	$1.5M	$582K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001785	+0.091%	$593K	$851K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001783	−0.021%	$396K	$150K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001784	+0.035%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001783	−0.021%	$250K	$48K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001780	−0.205%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	−0.582%	$13K	$613K	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	0.0001785	+0.075%	$928	—	5x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.1585%	1h	0.0001783	long leg	$10K	$8K	10x
Hyperliquid HMSTR	+0.3140%	1h	0.0001790	+0.371%	$2.0M	$118K	3x	as long as short