Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni+0.112%96s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as 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−$1861.863% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.112%, 7d avg −0.030%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.143% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 96 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	0.0001778	0.0100	pay 0.0013% / 1h	47m 51s	$13K	$608K	50x
Short	Gate HMSTR_USDT	0.0001780	0.0100	get 0.0050% / 4h	3h 47m	$413K	$242K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → −0.030%: $14.29
Slippage, 4 orders: −$161.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$172.02
Costs to cover: 1.863%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 50 min ago; Gate: live order book, 48 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, 50 min ago	11.23 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	5.62 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit

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	0.0001780	+0.112%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001790	+0.675%	$2.0M	$108K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001780	+0.090%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001781	+0.197%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001781	+0.169%	$1.5M	$596K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001782	+0.225%	$623K	$740K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001780	+0.112%	$413K	$242K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001781	+0.169%	$389K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001780	+0.112%	$242K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001782	+0.237%	$2K	$919	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001778	long leg	$13K	$608K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001781	+0.164%	$930	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0951%	1h	0.0001776	−0.133%	$10K	$6K	10x	as long as short