Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.028%7-day average — · you buy dearer than you sell

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

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it 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	Extended kHMSTR-USD	0.0001785	0.0104	pay 0.0013% / 1h	1m 32s	$932	—	5x
Short	KuCoin HMSTRUSDTM	0.0001784	0.0100	get 0.0050% / 4h	2h 01m	$254K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$0.84
Price spread: −0.028% → 0.000%: −$2.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 55 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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 55 min ago	11.25 bp	356.5 bp −$356	doesn't fit	doesn't fit	doesn't fit

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-USDT	+0.0070%	4h	0.0001786	+0.084%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001784	−0.045%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001785	+0.028%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001786	+0.084%	$1.5M	$601K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001786	+0.084%	$627K	$753K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001784	−0.028%	$408K	$228K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001784	−0.028%	$387K	$116K	50x	as long as short
KuCoin HMSTRUSDTMshort	+0.0100%	4h	0.0001784	−0.028%	$254K	$54K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001786	+0.095%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001783	−0.084%	$13K	$604K	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-USDlong	+0.0104%	1h	0.0001785	long leg	$932	—	5x
Hyperliquid HMSTR	+0.1865%	1h	0.0001790	+0.308%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2856%	1h	0.0001785	+0.051%	$10K	$6K	10x	as long as short