Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0856%/8h= −93.8% APRpaid last 24h −0.323%

Price spread now: Gate against Kraken Futures+0.555%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 Gate

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. Gate is 0.555% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.555% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001766	0.0956	pay 0.0120% / 1h	39m 37s	$10K	$6K	10x
Short	Gate HMSTR_USDT	0.0001776	0.0100	get 0.0050% / 4h	3h 39m	$412K	$242K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.555%Rate

Funding earned: −$179.81
Price spread: +0.555% → 0.000%: $55.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$149.34
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 56 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 Gate live order book, 56 min ago	5.62 bp	64.1 bp −$64	doesn't fit	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	0.0001776	+0.555%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001776	+0.532%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001775	+0.498%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	+0.498%	$1.5M	$596K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001775	+0.498%	$620K	$737K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001776	+0.555%	$412K	$242K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001775	+0.498%	$390K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001776	+0.555%	$241K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001775	+0.510%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001779	+0.725%	$13K	$607K	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	0.0001775	+0.471%	$930	—	5x	as long as short
Hyperliquid HMSTR	+0.0414%	1h	0.0001780	+0.781%	$2.0M	$108K	3x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.0956%	1h	0.0001766	long leg	$10K	$6K	10x