Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1409%/8h= −154.3% APRpaid last 24h −0.467%

Price spread now: Aster against Hyperliquid−0.279%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Aster is 0.279% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HMSTR	0.0001790	0.1509	pay 0.0189% / 1h	12m 40s	$2.0M	$116K	3x
Short	Aster HMSTRUSDT	0.0001785	0.0100	get 0.0050% / 4h	3h 12m	$33K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$295.94
Price spread: −0.279% → 0.000%: −$27.93
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$340.87
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Aster: 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 Hyperliquid live order book, 8 min ago	27.85 bp	104.7 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	0.0001786	−0.223%	—	$1.3M	—	as long as short
Aster HMSTRUSDTshort	+0.0100%	4h	0.0001785	−0.279%	$33K	$7K	5x
Binance HMSTRUSDT	+0.0100%	4h	0.0001784	−0.335%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001784	−0.335%	$1.5M	$590K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001786	−0.223%	$619K	$743K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001787	−0.168%	$400K	$230K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001785	−0.279%	$387K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001786	−0.223%	$244K	$52K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001786	−0.213%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001785	−0.279%	$13K	$608K	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	0.0001785	−0.292%	$933	—	5x	as long as short
Hyperliquid HMSTRlong	+0.1509%	1h	0.0001790	long leg	$2.0M	$116K	3x
Kraken Futures PF_HMSTRUSD	+0.2151%	1h	0.0001786	−0.235%	$10K	$6K	10x	as long as short