HMSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0707%/8h= +77.4% APRnext payment +$0.88 per $10,000 · paid last 24h −0.334%

Price spread now: Kraken Futures against Hyperliquid−0.335%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.335% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 38 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HMSTR	0.0001780	0.1459	pay 0.0182% / 1h	0m 44s	$2.0M	$116K	3x
Short	Kraken Futures PF_HMSTRUSD	0.0001774	0.2165	get 0.0271% / 1h	0m 44s	$10K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.335%Rate

Funding earned: $148.41
Price spread: −0.335% → 0.000%: −$33.53
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $95.88
Costs to cover: 0.190%
Break-even: 2.5 days

Slippage unknown: Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago	27.85 bp	67.8 bp −$68	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	0.0001772	−0.449%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	−0.545%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001770	−0.562%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001770	−0.562%	$1.5M	$587K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001771	−0.506%	$614K	$739K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001772	−0.449%	$397K	$230K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001770	−0.562%	$384K	$117K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001770	−0.562%	$247K	$54K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	−0.551%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001770	−0.562%	$13K	$606K	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	−0.560%	$927	—	5x	as long as short
Hyperliquid HMSTRlong	+0.1459%	1h	0.0001780	long leg	$2.0M	$116K	3x
Kraken Futures PF_HMSTRUSDshort	+0.2165%	1h	0.0001774	−0.335%	$10K	$6K	10x