Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−0.224%81s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$790.787% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.224%, 7d avg −0.018%

Together, before fees−0.036%−$4 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: MEXC is 0.207% cheaper against ApeX Omni than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 81 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	0.0001783	0.0100	pay 0.0013% / 1h	36m 14s	$13K	$603K	50x
Short	MEXC HMSTR_USDT	0.0001779	0.0100	get 0.0050% / 4h	36m 14s	$390K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.224%Rate

Funding earned: $0
Price spread: −0.224% → −0.018%: −$20.68
Slippage, 4 orders: −$64.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.34
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 67 min ago; MEXC: live order book, 49 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, 67 min ago	11.24 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 49 min ago	2.81 bp	10.0 bp −$10	54.5 bp −$545	150.3 bp −$15.0K	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	0.0001781	−0.112%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001781	−0.123%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001780	−0.168%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001780	−0.168%	$1.5M	$594K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001781	−0.112%	$626K	$728K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001781	−0.112%	$415K	$243K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001779	−0.224%	$390K	$116K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001781	−0.112%	$243K	$57K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001784	+0.065%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTlong	+0.0100%	1h	0.0001783	long leg	$13K	$603K	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	0.0001779	−0.198%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1885%	1h	0.0001790	+0.393%	$2.0M	$109K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2128%	1h	0.0001783	+0.005%	$10K	$6K	10x	as long as short