Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.010%

Price spread now: Extended against BingX−0.020%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.020% cheaper against BingX than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 47 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HMSTR-USDT	0.0001776	0.0070	pay 0.0035% / 4h	47m 41s	—	$1.3M	—
Short	Extended kHMSTR-USD	0.0001776	0.0104	get 0.0013% / 1h	47m 41s	$923	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: $7.14
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.86
Costs to cover: 0.150%
Break-even: 16.7 days

Slippage unknown: BingX: live order book, 8 min ago; Extended: no order-book sample. 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 BingX live order book, 8 min ago	5.63 bp	17.4 bp −$17	76.7 bp −$767	670.6 bp −$67.1K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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-USDTlong	+0.0070%	4h	0.0001776	long leg	—	$1.3M	—
Aster HMSTRUSDT	+0.0100%	4h	0.0001776	−0.006%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001776	0.000%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001775	−0.056%	$1.5M	$579K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001776	0.000%	$593K	$889K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001775	−0.056%	$393K	$132K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001776	0.000%	$390K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001776	0.000%	$247K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001776	+0.016%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	−0.056%	$13K	$612K	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-USDshort	+0.0104%	1h	0.0001776	−0.020%	$923	—	5x
Kraken Futures PF_HMSTRUSD	+0.0382%	1h	0.0001777	+0.052%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.1604%	1h	0.0001780	+0.225%	$2.0M	$146K	3x	as long as short