Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX−0.450%70s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as 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−$1291.293% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.540%+$54 · spread now −0.450%, 7d avg +0.011%

Together, before fees+0.540%+$54 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 0.461% cheaper against OKX than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 70 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	OKX HMSTR-USDT-SWAP	0.0001777	0.0100	pay 0.0050% / 4h	1h 30m	$601K	$774K	10x
Short	ApeX Omni HMSTRUSDT	0.0001769	0.0100	get 0.0013% / 1h	30m 18s	$13K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.450%Rate

Funding earned: $0
Price spread: −0.450% → +0.011%: −$46.15
Slippage, 4 orders: −$109.25
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$175.4
Costs to cover: 1.293%
Break-even: never at this rate

Slippage from OKX: live order book, 61 min ago; ApeX Omni: live order book, 33 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 OKX live order book, 61 min ago	2.81 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	11.29 bp	31.3 bp −$31	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	0.0001776	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001777	−0.028%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001778	+0.028%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001777	0.000%	$1.5M	$608K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001777	long leg	$601K	$774K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001776	−0.056%	$405K	$164K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001776	−0.056%	$388K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001774	−0.169%	$258K	$48K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001777	+0.008%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001769	−0.450%	$13K	$608K	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	0.0001776	−0.068%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.1629%	1h	0.0001780	+0.169%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2244%	1h	0.0001780	+0.167%	$10K	$7K	10x	as long as short