Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.010%

Price spread now: BingX against Extended−0.046%7-day average — · you buy dearer than you sell

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

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.046% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended kHMSTR-USD	0.0001780	0.0104	pay 0.0013% / 1h	51m 39s	$930	—	5x
Short	BingX HMSTR-USDT	0.0001779	0.0070	get 0.0035% / 4h	3h 51m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$7.14
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; BingX: live order book, 8 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	5.62 bp	16.7 bp −$17	96.3 bp −$963	703.9 bp −$70.4K	doesn't fit

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-USDTshort	+0.0070%	4h	0.0001779	−0.046%	—	$1.3M	—
Hyperliquid HMSTR	+0.0100%	1h	0.0001790	+0.572%	$2.0M	$106K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001779	−0.046%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001780	+0.027%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001780	+0.010%	$1.5M	$596K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001780	+0.010%	$621K	$740K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001778	−0.102%	$412K	$241K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001779	−0.046%	$389K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001780	+0.010%	$242K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001778	−0.090%	$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 HMSTRUSDT	+0.0100%	1h	0.0001774	−0.327%	$13K	$607K	50x	as long as short
Extended kHMSTR-USDlong	+0.0104%	1h	0.0001780	long leg	$930	—	5x
Kraken Futures PF_HMSTRUSD	+0.0949%	1h	0.0001780	+0.038%	$10K	$6K	10x	as long as short