Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0996%/8h= +109.0% APRpaid last 24h −0.058%

Price spread now: OKX against Kraken Futures−0.098%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on OKX

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. OKX is 0.098% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HMSTRUSD	0.0001767	−0.0896	get 0.0112% / 1h	47m 17s	$10K	$11K	10x
Short	OKX HMSTR-USDT-SWAP	0.0001765	0.0100	get 0.0050% / 4h	1h 47m	$588K	$908K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $209.09
Price spread: −0.098% → 0.000%: −$9.82
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $179.27
Costs to cover: 0.200%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 64 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 OKX live order book, 64 min ago	2.84 bp	28.6 bp −$29	doesn't fit	doesn't fit	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
Kraken Futures PF_HMSTRUSDlong	−0.0896%	1h	0.0001767	long leg	$10K	$11K	10x
BingX HMSTR-USDT	+0.0070%	4h	0.0001766	−0.042%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001770	+0.185%	$1.9M	$210K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	−0.098%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001765	−0.098%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001765	−0.098%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAPshort	+0.0100%	4h	0.0001765	−0.098%	$588K	$908K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	−0.211%	$390K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001765	−0.098%	$380K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001764	−0.155%	$247K	$59K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HMSTR	+0.0100%	4h	0.0001764	−0.135%	$2K	$833	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	−0.155%	$13K	$615K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001765	−0.112%	$918	—	5x	as long as short