Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC−0.028%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001781	0.0100	pay 0.0050% / 4h	27m 41s	$389K	$116K	50x
Short	Extended kHMSTR-USD	0.0001781	0.0104	get 0.0013% / 1h	27m 41s	$928	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.84
Price spread: −0.028% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.91
Costs to cover: 0.090%
Break-even: 97.9 days

Slippage unknown: MEXC: live order book, 13 min ago; Extended: 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 MEXC live order book, 13 min ago	2.82 bp	9.9 bp −$10	45.5 bp −$455	140.3 bp −$14.0K	5636.5 bp −$2.82M
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	0.0001783	+0.112%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001783	+0.140%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001781	+0.006%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001782	+0.056%	$1.5M	$596K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001781	0.000%	$609K	$747K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001783	+0.112%	$406K	$146K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001781	long leg	$389K	$116K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001783	+0.112%	$259K	$50K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001784	+0.179%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001777	−0.225%	$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-USDshort	+0.0104%	1h	0.0001781	−0.028%	$928	—	5x
Kraken Futures PF_HMSTRUSD	+0.1109%	1h	0.0001784	+0.162%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.2226%	1h	0.0001790	+0.505%	$2.0M	$112K	3x	as long as short