Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0283%/8h= +30.9% APRpaid last 24h +0.061%

Price spread now: Kraken Futures against MEXC+0.156%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$8 a day on $10k at the current rate, and Kraken Futures is 0.156% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001771	0.0100	pay 0.0050% / 4h	40m 55s	$389K	$117K	50x
Short	Kraken Futures PF_HMSTRUSD	0.0001774	0.0383	get 0.0048% / 1h	40m 55s	$10K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.156%Rate

Funding earned: $59.34
Price spread: +0.156% → 0.000%: $15.57
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $60.91
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 20 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 MEXC live order book, 20 min ago	2.82 bp	11.0 bp −$11	51.6 bp −$516	160.7 bp −$16.1K	8846.4 bp −$4.42M
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	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.056%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001771	+0.028%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$1.5M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	+0.056%	$592K	$890K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001772	+0.056%	$392K	$132K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001771	long leg	$389K	$117K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001772	+0.056%	$247K	$49K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001775	+0.242%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	+0.113%	$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	−0.018%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSDshort	+0.0383%	1h	0.0001774	+0.156%	$10K	$11K	10x
Hyperliquid HMSTR	+0.2387%	1h	0.0001780	+0.508%	$2.0M	$125K	3x	as long as short