Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0996%/8h= −109.0% APRpaid last 24h +0.058%

Price spread now: Kraken Futures against Variational Omni+0.198%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.198% dearer against Variational Omni than usual: you sell high and buy low (spread +0.198% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HMSTR	0.0001763	0.0100	pay 0.0050% / 4h	1h 52m	$2K	$2K	—
Short	Kraken Futures PF_HMSTRUSD	0.0001767	−0.0896	pay 0.0112% / 1h	52m 30s	$10K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$209.08
Price spread: +0.198% → 0.000%: $19.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$199.23
Costs to cover: 0.100%
Break-even: from the start

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

Variational Omni and 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
Kraken Futures PF_HMSTRUSDshort	−0.0896%	1h	0.0001767	+0.198%	$10K	$11K	10x
BingX HMSTR-USDT	+0.0070%	4h	0.0001765	+0.094%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	+0.088%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001765	+0.082%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001765	+0.094%	$1.4M	$578K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001764	+0.037%	$587K	$910K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	−0.020%	$390K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001764	+0.037%	$379K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001763	−0.020%	$247K	$59K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001763	long leg	$2K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	+0.037%	$13K	$615K	50x	as long as short
Hyperliquid HMSTR	+0.0102%	1h	0.0001770	+0.377%	$1.9M	$210K	3x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001764	+0.049%	$918	—	5x	as long as short