Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3092%/8h= +338.6% APRpaid last 24h +0.497%

Price spread now: Hyperliquid against Aster+0.873%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$93 a day on $10k at the current rate, and Hyperliquid is 0.873% dearer against Aster than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HMSTRUSDT	0.0001765	0.0100	pay 0.0050% / 4h	2h 36m	$33K	$7K	5x
Short	Hyperliquid HMSTR	0.0001780	0.3192	get 0.0399% / 1h	36m 48s	$2.0M	$255K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.873%Rate

Funding earned: $649.35
Price spread: +0.873% → 0.000%: $87.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $719.62
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	28.17 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit

Aster: 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
BingX HMSTR-USDT	+0.0070%	4h	0.0001764	−0.034%	—	$1.3M	—	as long as short
Aster HMSTRUSDTlong	+0.0100%	4h	0.0001765	long leg	$33K	$7K	5x
Binance HMSTRUSDT	+0.0100%	4h	0.0001765	0.000%	$2.2M	$2.4M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001764	−0.034%	$1.5M	$614K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001765	+0.023%	$586K	$962K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	−0.091%	$391K	$143K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001765	+0.023%	$377K	$119K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001763	−0.091%	$247K	$62K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001762	−0.175%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001763	−0.091%	$13K	$622K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001764	−0.012%	$918	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1010%	1h	0.0001762	−0.167%	$10K	$11K	10x	as long as short
Hyperliquid HMSTRshort	+0.3192%	1h	0.0001780	+0.873%	$2.0M	$255K	3x