Funding arb · Price arb /

HMSTR

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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 MEXC−0.090%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.090% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it 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	0.0001762	0.0100	pay 0.0050% / 4h	2h 05m	$377K	$121K	50x
Short	Variational Omni HMSTR	0.0001760	0.0100	get 0.0050% / 4h	2h 05m	$2K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → 0.000%: −$8.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.96
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 8 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 MEXC live order book, 8 min ago	2.84 bp	10.8 bp −$11	50.7 bp −$507	153.4 bp −$15.3K	4294.0 bp −$2.15M
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	0.0001761	−0.057%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001762	+0.011%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001761	−0.028%	$2.2M	$2.3M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001761	−0.057%	$1.4M	$586K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001761	−0.057%	$586K	$918K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001761	−0.057%	$390K	$143K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001762	long leg	$377K	$121K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001762	0.000%	$246K	$60K	10x	as long as short
Variational Omni HMSTRshort	+0.0100%	4h	0.0001760	−0.090%	$2K	$2K	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001760	−0.114%	$13K	$618K	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	0.0001761	−0.035%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1010%	1h	0.0001761	−0.030%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2554%	1h	0.0001770	+0.454%	$1.9M	$212K	3x	as long as short