Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.009%

Price spread now: BingX against ApeX Omni+0.056%53s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.865% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.056%, 7d avg −0.016%

Together, before fees−0.244%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.072% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HMSTRUSDT	0.0001781	0.0100	pay 0.0013% / 1h	10m 31s	$13K	$609K	50x
Short	BingX HMSTR-USDT	0.0001782	0.0070	get 0.0035% / 4h	1h 10m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$6.3
Price spread: +0.056% → −0.016%: $7.21
Slippage, 4 orders: −$66.53
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.62
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; BingX: live order book, 1 min ago.

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 ApeX Omni live order book, 52 min ago	11.29 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	2.81 bp	17.3 bp −$17	106.3 bp −$1,063	741.2 bp −$74.1K	1103.1 bp −$551.5K

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-USDTshort	+0.0070%	4h	0.0001782	+0.056%	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001783	+0.129%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001783	+0.112%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001783	+0.112%	$1.5M	$604K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001783	+0.112%	$606K	$751K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001782	+0.056%	$406K	$164K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001783	+0.112%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001781	0.000%	$255K	$48K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001782	+0.065%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001781	long leg	$13K	$609K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001783	+0.116%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1952%	1h	0.0001790	+0.505%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2238%	1h	0.0001784	+0.189%	$10K	$7K	10x	as long as short