Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+0.015%7-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 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001771	0.0100	pay 0.0050% / 4h	19m 34s	$246K	$49K	10x
Short	Variational Omni HMSTR	0.0001771	0.0100	get 0.0050% / 4h	19m 34s	$2K	$920	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 41 min ago; 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 KuCoin live order book, 41 min ago	8.45 bp	498.3 bp −$498	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	0.0001771	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001771	+0.023%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	+0.051%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$1.5M	$579K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001771	0.000%	$592K	$875K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001771	0.000%	$392K	$132K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001771	0.000%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001771	long leg	$246K	$49K	10x
Variational Omni HMSTRshort	+0.0100%	4h	0.0001771	+0.015%	$2K	$920	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001770	−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	0.0001771	−0.019%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0383%	1h	0.0001773	+0.138%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2610%	1h	0.0001780	+0.508%	$2.0M	$116K	3x	as long as short