HMSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0668%/8h= −73.1% APRnext payment −$0.83 per $10,000 · paid last 24h +0.334%

Price spread now: Hyperliquid against Kraken Futures+0.236%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.236% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.236% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001786	0.2151	pay 0.0269% / 1h	13m 13s	$10K	$6K	10x
Short	Hyperliquid HMSTR	0.0001790	0.1483	get 0.0185% / 1h	13m 13s	$2.0M	$116K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$140.2
Price spread: +0.236% → 0.000%: $23.59
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$135.61
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	27.85 bp	32.4 bp −$32	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	0.0001787	+0.068%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001786	−0.011%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001786	+0.012%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001785	−0.044%	$1.5M	$590K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001785	−0.044%	$618K	$744K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001787	+0.068%	$400K	$230K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001786	+0.012%	$387K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001786	+0.012%	$244K	$52K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001786	+0.022%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001785	−0.044%	$13K	$608K	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	−0.017%	$933	—	5x	as long as short
Hyperliquid HMSTRshort	+0.1483%	1h	0.0001790	+0.236%	$2.0M	$116K	3x
Kraken Futures PF_HMSTRUSDlong	+0.2151%	1h	0.0001786	long leg	$10K	$6K	10x