Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1497%/8h= −163.9% APRpaid last 24h −0.066%

Price spread now: MEXC against Kraken Futures+0.009%51s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on MEXC

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$45 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001770	0.1597	pay 0.0200% / 1h	51m 20s	$10K	$9K	10x
Short	MEXC HMSTR_USDT	0.0001770	0.0100	get 0.0050% / 4h	3h 51m	$387K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$314.38
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$327.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 4 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	2.82 bp	10.0 bp −$10	51.2 bp −$512	155.7 bp −$15.6K	doesn't fit

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	0.0001771	+0.066%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001772	+0.134%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001772	+0.100%	$2.2M	$2.1M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	+0.066%	$1.5M	$598K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001772	+0.122%	$588K	$878K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001770	+0.009%	$393K	$126K	25x	as long as short
MEXC HMSTR_USDTshort	+0.0100%	4h	0.0001770	+0.009%	$387K	$116K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001772	+0.122%	$249K	$50K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001770	+0.022%	$2K	$920	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001770	+0.009%	$13K	$614K	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	0.0001771	+0.077%	$924	—	5x	as long as short
Kraken Futures PF_HMSTRUSDlong	+0.1597%	1h	0.0001770	long leg	$10K	$9K	10x
Hyperliquid HMSTR	+0.4870%	1h	0.0001780	+0.574%	$2.0M	$116K	3x	as long as short