Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1016%/8h= +111.2% APRpaid last 24h +0.109%

Price spread now: Kraken Futures against KuCoin+0.102%52s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

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 for this trade now. Funding pays +$30 a day on $10k at the current rate, and Kraken Futures is 0.102% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	0.0001772	0.0100	pay 0.0050% / 4h	36m 27s	$258K	$50K	10x
Short	Kraken Futures PF_HMSTRUSD	0.0001774	0.1116	get 0.0139% / 1h	36m 27s	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.102%Rate

Funding earned: $213.3
Price spread: +0.102% → 0.000%: $10.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $201.48
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 44 min ago; Kraken Futures: 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 KuCoin live order book, 44 min ago	8.43 bp	431.0 bp −$431	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 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	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.028%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	−0.011%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001772	0.000%	$1.5M	$596K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	0.000%	$604K	$740K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001772	0.000%	$404K	$146K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	−0.056%	$387K	$115K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001772	long leg	$258K	$50K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001772	+0.010%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001771	−0.056%	$13K	$611K	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	0.0001773	+0.059%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSDshort	+0.1116%	1h	0.0001774	+0.102%	$10K	$7K	10x
Hyperliquid HMSTR	+0.2094%	1h	0.0001780	+0.451%	$2.0M	$112K	3x	as long as short