Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.056%52s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$712as 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−$7127.118% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.056%, 7d avg −0.035%

Together, before fees−0.156%−$16 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: KuCoin is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 52 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	0.0001775	0.0100	pay 0.0013% / 1h	26m 33s	$13K	$610K	50x
Short	KuCoin HMSTRUSDTM	0.0001774	0.0100	get 0.0050% / 4h	1h 26m	$258K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.035%: −$2.13
Slippage, 4 orders: −$689.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$713.97
Costs to cover: 7.118%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; KuCoin: live order book, 69 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, 36 min ago	11.29 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 69 min ago	8.43 bp	224.4 bp −$224	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	0.0001775	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001774	−0.034%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001775	−0.006%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001773	−0.113%	$1.5M	$604K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001776	+0.056%	$601K	$763K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001774	−0.056%	$404K	$164K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001773	−0.113%	$387K	$117K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001774	−0.056%	$258K	$48K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001777	+0.120%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001775	long leg	$13K	$610K	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	0.0001774	−0.067%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.1839%	1h	0.0001780	+0.282%	$2.0M	$115K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2251%	1h	0.0001774	−0.046%	$10K	$7K	10x	as long as short