Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against BingX−0.112%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.112%, 7d avg −0.002%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.111% cheaper against BingX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.002%). If the spread goes back, that is −$11 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HMSTR-USDT	0.0001779	0.0070	pay 0.0035% / 4h	3h 46m	—	$1.3M	—
Short	ApeX Omni HMSTRUSDT	0.0001777	0.0100	get 0.0013% / 1h	46m 41s	$13K	$607K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: $6.3
Price spread: −0.112% → −0.002%: −$11.09
Slippage, 4 orders: −$74.65
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$99.44
Costs to cover: 0.947%
Break-even: 117.5 days

Slippage from BingX: live order book, 13 min ago; ApeX Omni: live order book, 51 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 BingX live order book, 13 min ago	5.62 bp	18.4 bp −$18	95.4 bp −$954	749.9 bp −$75.0K	doesn't fit
Sell ApeX Omni live order book, 51 min ago	11.23 bp	31.4 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-USDTlong	+0.0070%	4h	0.0001779	long leg	—	$1.3M	—
Hyperliquid HMSTR	+0.0100%	1h	0.0001790	+0.618%	$2.0M	$108K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001779	0.000%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001780	+0.067%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001781	+0.112%	$1.5M	$597K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001782	+0.169%	$622K	$740K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001780	+0.056%	$413K	$242K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001779	0.000%	$389K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001780	+0.056%	$242K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001782	+0.180%	$2K	$919	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001777	−0.112%	$13K	$607K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001780	+0.057%	$930	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.0954%	1h	0.0001771	−0.457%	$10K	$6K	10x	as long as short