Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.2098%/8h= −229.7% APRpaid last 24h −0.384%

Price spread now: OKX against Kraken Futures−0.087%55s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and OKX is 0.087% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001758	0.2198	pay 0.0275% / 1h	4m 23s	$10K	$5K	10x
Short	OKX HMSTR-USDT-SWAP	0.0001756	0.0100	get 0.0050% / 4h	1h 04m	$593K	$715K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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 Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$440.55
Price spread: −0.087% → 0.000%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$469.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 40 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell OKX live order book, 40 min ago	2.83 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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 exchanges

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	0.0001757	−0.030%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001756	−0.058%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001755	−0.121%	$2.2M	$1.8M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001755	−0.144%	$1.4M	$531K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001756	−0.087%	$593K	$715K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001756	−0.087%	$401K	$245K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001756	−0.087%	$372K	$114K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001757	−0.030%	$247K	$63K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001756	−0.085%	$2K	$116	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001755	−0.144%	$13K	$606K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001756	−0.084%	$915	—	5x	as long as short
Hyperliquid HMSTR	+0.1180%	1h	0.0001760	+0.141%	$1.9M	$65K	3x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.2198%	1h	0.0001758	long leg	$10K	$5K	10x