Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.040%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 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	Bybit HMSTRUSDT	0.0001776	0.0100	pay 0.0050% / 4h	2h 15m	$1.5M	$600K	25x
Short	Variational Omni HMSTR	0.0001777	0.0100	get 0.0050% / 4h	2h 15m	$2K	$919	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → 0.000%: $3.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.02
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	2.81 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit
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	0.0001775	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001774	−0.101%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001775	−0.056%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTlong	+0.0100%	4h	0.0001776	long leg	$1.5M	$600K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001777	+0.056%	$618K	$744K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001776	0.000%	$407K	$228K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001774	−0.113%	$385K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001777	+0.056%	$253K	$54K	10x	as long as short
Variational Omni HMSTRshort	+0.0100%	4h	0.0001777	+0.040%	$2K	$919	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001773	−0.169%	$13K	$603K	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	0.0001775	−0.082%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1373%	1h	0.0001790	+0.788%	$2.0M	$114K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2868%	1h	0.0001778	+0.139%	$10K	$6K	10x	as long as short