Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.163%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

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 · Extended: 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: Extended is 0.163% dearer against Variational Omni than usual: you sell high and buy low, +$16 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	Variational Omni HMSTR	0.0001769	0.0100	pay 0.0050% / 4h	3h 56m	$2K	$920	—
Short	Extended kHMSTR-USD	0.0001772	0.0104	get 0.0013% / 1h	56m 40s	$924	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0.84
Price spread: +0.163% → 0.000%: $16.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $12.09
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Extended: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and Extended: 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	+0.098%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.172%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	+0.183%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	+0.098%	$1.5M	$598K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001771	+0.098%	$590K	$875K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001771	+0.098%	$393K	$126K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001772	+0.155%	$389K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001772	+0.155%	$248K	$50K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001769	long leg	$2K	$920	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001769	−0.015%	$13K	$614K	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-USDshort	+0.0104%	1h	0.0001772	+0.163%	$924	—	5x
Kraken Futures PF_HMSTRUSD	+0.1580%	1h	0.0001789	+1.094%	$10K	$9K	10x	as long as short
Hyperliquid HMSTR	+0.4386%	1h	0.0001780	+0.607%	$2.0M	$116K	3x	as long as short