Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.225%97s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$714as 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−$7147.138% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.306%+$31 · spread now −0.225%, 7d avg +0.024%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.249% cheaper against KuCoin than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 97 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	KuCoin HMSTRUSDTM	0.0001776	0.0100	pay 0.0050% / 4h	56m 03s	$252K	$57K	10x
Short	ApeX Omni HMSTRUSDT	0.0001772	0.0100	get 0.0013% / 1h	56m 03s	$13K	$603K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.225%Rate

Funding earned: $0
Price spread: −0.225% → +0.024%: −$24.92
Slippage, 4 orders: −$691.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$738.71
Costs to cover: 7.138%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; ApeX Omni: live order book, 47 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 KuCoin live order book, 46 min ago	5.62 bp	386.5 bp −$387	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	11.24 bp	28.1 bp −$28	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	0.0001775	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001774	−0.096%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001774	−0.135%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001774	−0.113%	$1.5M	$595K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001774	−0.113%	$623K	$720K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001775	−0.056%	$414K	$242K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001774	−0.113%	$386K	$114K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001776	long leg	$252K	$57K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001773	−0.158%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001772	−0.225%	$13K	$603K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001774	−0.131%	$927	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2137%	1h	0.0001775	−0.041%	$10K	$6K	10x	as long as short
Hyperliquid HMSTR	+0.3769%	1h	0.0001780	+0.225%	$2.0M	$111K	3x	as long as short