Funding you earn now, next payment 05:00 UTC−0.1348%/8h= −147.6% APRnext payment −$1.68 per $10,000 · paid last 24h −0.467%
Price spread now: ApeX Omni against Hyperliquid−0.562%65s7-day average −0.356% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as 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−$2012.014% of the position
Funding, last 7 days−0.712%−$71 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.562%, 7d avg −0.356%
=Together, before fees−0.464%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and ApeX Omni is 0.206% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.356%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.712% in total (about -37.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HMSTR | 0.0001780 | 0.1448 | pay 0.0181% / 1h | 0m 26s | $2.0M | $116K | 3x |
| Short | ApeX Omni HMSTRUSDT | 0.0001770 | 0.0100 | get 0.0013% / 1h | 0m 26s | $13K | $606K | 50x |
Hyperliquid HMSTR
ApeX Omni HMSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$283.01
- Price spread: −0.562% → −0.356%
- −$20.57
- Slippage, 4 orders
- −$182.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$505
- Costs to cover
- 2.014%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 52 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 Hyperliquid live order book, 10 min ago | 27.85 bp | 67.8 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 52 min ago | 13.97 bp | 30.5 bp −$30 | 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 | 0.0001772 | −0.449% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001770 | −0.545% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001770 | −0.534% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001770 | −0.562% | $1.5M | $587K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001771 | −0.506% | $614K | $739K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001772 | −0.449% | $397K | $230K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001769 | −0.618% | $383K | $117K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001770 | −0.562% | $247K | $54K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001770 | −0.551% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDTshort | +0.0100% | 1h | 0.0001770 | −0.562% | $13K | $606K | 50x |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTRShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001770 | −0.560% | $927 | — | 5x | as long as short |
| Hyperliquid HMSTRlong | +0.1448% | 1h | 0.0001780 | long leg | $2.0M | $116K | 3x | |
| Kraken Futures PF_HMSTRUSD | +0.2165% | 1h | 0.0001774 | −0.335% | $10K | $6K | 10x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD