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Funding arb · Price arb /

HMSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.1833%/8h= +200.8% APRpaid last 24h +0.450%
Price spread now: Hyperliquid against Variational Omni−0.122%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hyperliquid
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 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.122% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 5 hours of funding at the current rate (+$55 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HMSTR0.00017820.0100pay 0.0050% / 4h6m 37s$2K$919—
ShortHyperliquid HMSTR0.00017800.1933get 0.0242% / 1h6m 37s$2.0M$113K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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

Funding earned
$385.02
Price spread: −0.122% → 0.000%
−$12.18
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$363.84
Costs to cover
0.090%
Break-even
0.4 days
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell Hyperliquid live order book, 4 min ago27.85 bp63.9 bp −$64doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HMSTR-USDT+0.0070%4h0.0001773−0.515%—$1.3M—as long as short
Aster HMSTRUSDT+0.0100%4h0.0001774−0.458%$33K$7K5xas long as short
Binance HMSTRUSDT+0.0100%4h0.0001773−0.515%$2.2M$1.9M10xas long as short
Bybit HMSTRUSDT+0.0100%4h0.0001772−0.571%$1.5M$593K25xas long as short
OKX HMSTR-USDT-SWAP+0.0100%4h0.0001774−0.458%$609K$735K10xas long as short
Gate HMSTR_USDT+0.0100%4h0.0001772−0.571%$439K$192K25xas long as short
MEXC HMSTR_USDT+0.0100%4h0.0001773−0.515%$387K$117K50xas long as short
KuCoin HMSTRUSDTM+0.0100%4h0.0001773−0.515%$258K$50K10xas long as short
Variational Omni HMSTRlong+0.0100%4h0.0001782long leg$2K$919—
ApeX Omni HMSTRUSDT+0.0100%1h0.0001779−0.178%$13K$610K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended kHMSTR-USD+0.0104%1h0.0001773−0.542%$928—5xas long as short
Kraken Futures PF_HMSTRUSD+0.1113%1h0.0001779−0.197%$10K$6K10xas long as short
Hyperliquid HMSTRshort+0.1933%1h0.0001780−0.122%$2.0M$113K3x