Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0993%/8h= +108.7% APRpaid last 24h −0.058%

Price spread now: Variational Omni against Kraken Futures−0.366%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.366% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.366% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 29 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001772	−0.0893	get 0.0112% / 1h	43m 21s	$10K	$11K	10x
Short	Variational Omni HMSTR	0.0001765	0.0100	get 0.0050% / 4h	1h 43m	$2K	$833	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.366%Rate

Funding earned: $208.55
Price spread: −0.366% → 0.000%: −$36.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $161.94
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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
Kraken Futures PF_HMSTRUSDlong	−0.0893%	1h	0.0001772	long leg	$10K	$11K	10x
BingX HMSTR-USDT	+0.0070%	4h	0.0001769	−0.159%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001770	−0.103%	$1.9M	$199K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.027%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001770	−0.097%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001770	−0.103%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	−0.159%	$590K	$910K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	−0.103%	$391K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	−0.046%	$387K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	−0.103%	$248K	$59K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HMSTRshort	+0.0100%	4h	0.0001765	−0.366%	$2K	$833	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001765	−0.385%	$13K	$614K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001771	−0.047%	$923	—	5x	as long as short