Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1010%/8h= −110.6% APRpaid last 24h −0.109%

Price spread now: Variational Omni against Kraken Futures−0.122%7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Variational Omni is 0.122% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 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	Kraken Futures PF_HMSTRUSD	0.0001783	0.1110	pay 0.0139% / 1h	17m 46s	$10K	$7K	10x
Short	Variational Omni HMSTR	0.0001781	0.0100	get 0.0050% / 4h	17m 46s	$2K	$919	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.122%Rate

Funding earned: −$212.05
Price spread: −0.122% → 0.000%: −$12.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$234.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	0.0001783	−0.019%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001783	+0.009%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001784	+0.037%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001784	+0.037%	$1.5M	$595K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001784	+0.037%	$610K	$734K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001783	−0.019%	$406K	$146K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001785	+0.093%	$391K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001783	−0.019%	$259K	$50K	10x	as long as short
Variational Omni HMSTRshort	+0.0100%	4h	0.0001781	−0.122%	$2K	$919	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001779	−0.244%	$13K	$610K	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	+0.065%	$928	—	5x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.1110%	1h	0.0001783	long leg	$10K	$7K	10x
Hyperliquid HMSTR	+0.1912%	1h	0.0001790	+0.373%	$2.0M	$112K	3x	as long as short