Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0854%/8h= +93.5% APRpaid last 24h +0.323%

Price spread now: Kraken Futures against Variational Omni−0.194%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.194% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.194% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 18 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HMSTR	0.0001774	0.0100	pay 0.0050% / 4h	3h 32m	$2K	$919	—
Short	Kraken Futures PF_HMSTRUSD	0.0001771	0.0954	get 0.0119% / 1h	32m 24s	$10K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.194%Rate

Funding earned: $179.29
Price spread: −0.194% → 0.000%: −$19.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $149.86
Costs to cover: 0.100%
Break-even: 1.1 days

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

Variational Omni and 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	0.0001770	−0.237%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	−0.231%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001769	−0.293%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001768	−0.350%	$1.5M	$599K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001769	−0.293%	$616K	$738K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	−0.237%	$413K	$244K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001768	−0.350%	$388K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	−0.237%	$243K	$61K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001774	long leg	$2K	$919	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001775	+0.045%	$13K	$608K	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	0.0001770	−0.264%	$924	—	5x	as long as short
Hyperliquid HMSTR	+0.0908%	1h	0.0001780	+0.326%	$2.0M	$108K	3x	as long as short
Kraken Futures PF_HMSTRUSDshort	+0.0954%	1h	0.0001771	−0.194%	$10K	$6K	10x