Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.226%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$951as in the Funding arb table

Net, price: spread back to 7d avg − costs−$978as in the Price arb table

costs, in and out, $10k−$9519.509% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.437%+$44 · spread now −0.226%, 7d avg +0.042%

Together, before fees+0.438%+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.268% cheaper against KuCoin than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001771	0.0100	pay 0.0050% / 4h	3h 30m	$248K	$65K	10x
Short	ApeX Omni HMSTRUSDT	0.0001767	0.0100	get 0.0013% / 1h	30m 47s	$13K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.226%Rate

Funding earned: $0
Price spread: −0.226% → +0.042%: −$26.83
Slippage, 4 orders: −$928.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$977.78
Costs to cover: 9.509%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 17 min ago.

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 KuCoin live order book, 9 min ago	11.34 bp	423.3 bp −$423	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 17 min ago	11.37 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit

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_HMSTRUSD	−0.0055%	1h	0.0001774	+0.164%	$10K	$11K	10x	as long as short
BingX HMSTR-USDT	+0.0070%	4h	0.0001770	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001771	+0.028%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001773	+0.090%	$2.2M	$2.8M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001771	0.000%	$1.5M	$671K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001773	+0.113%	$590K	$1.2M	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001769	−0.113%	$392K	$160K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001772	+0.056%	$390K	$129K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001771	long leg	$248K	$65K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001767	−0.253%	$2K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001767	−0.226%	$13K	$620K	50x
Extended kHMSTR-USD	+0.0104%	1h	0.0001772	+0.075%	$923	—	5x	as long as short
Hyperliquid HMSTR	+0.2184%	1h	0.0001780	+0.508%	$2.0M	$586K	3x	as long as short