Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2147%/8h= +235.1% APRpaid last 24h +0.073%

Price spread now: Kraken Futures against Gate−0.202%7-day average — · you buy dearer than you sell

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

Long on Gate 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—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.202% cheaper against Gate than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 8 hours of funding at the current rate (+$64 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HMSTR_USDT	0.0001781	0.0100	pay 0.0050% / 4h	1h 11m	$406K	$164K	25x
Short	Kraken Futures PF_HMSTRUSD	0.0001777	0.2247	get 0.0281% / 1h	11m 48s	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.202%Rate

Funding earned: $450.87
Price spread: −0.202% → 0.000%: −$20.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $405.65
Costs to cover: 0.250%
Break-even: 0.7 days

Slippage unknown: Gate: live order book, 49 min ago; 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 Gate live order book, 49 min ago	2.82 bp	53.8 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	0.0001782	+0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001782	+0.039%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001782	+0.056%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001781	0.000%	$1.5M	$604K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001782	+0.056%	$604K	$751K	10x	as long as short
Gate HMSTR_USDTlong	+0.0100%	4h	0.0001781	long leg	$406K	$164K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001781	0.000%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001781	0.000%	$258K	$48K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001783	+0.121%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001780	−0.056%	$13K	$609K	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	0.0001781	−0.025%	$928	—	5x	as long as short
Hyperliquid HMSTR	+0.1896%	1h	0.0001790	+0.505%	$2.0M	$116K	3x	as long as short
Kraken Futures PF_HMSTRUSDshort	+0.2247%	1h	0.0001777	−0.202%	$10K	$7K	10x