Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2035%/8h= +222.8% APRpaid last 24h +0.285%

Price spread now: Kraken Futures against KuCoin−0.055%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.055% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$61 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HMSTRUSDTM	0.0001778	0.0100	pay 0.0050% / 4h	3m 49s	$241K	$60K	10x
Short	Kraken Futures PF_HMSTRUSD	0.0001777	0.2135	get 0.0267% / 1h	3m 49s	$10K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.055%Rate

Funding earned: $427.34
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $399.86
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: KuCoin: live order book, 28 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 KuCoin live order book, 28 min ago	8.43 bp	389.0 bp −$389	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	0.0001777	−0.056%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001778	0.000%	$33K	$3K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001777	−0.084%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001777	−0.056%	$1.5M	$598K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001779	+0.056%	$622K	$742K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001777	−0.056%	$411K	$247K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001776	−0.112%	$388K	$118K	50x	as long as short
KuCoin HMSTRUSDTMlong	+0.0100%	4h	0.0001778	long leg	$241K	$60K	10x
Variational Omni HMSTR	+0.0100%	4h	0.0001778	+0.015%	$2K	$919	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001779	+0.056%	$13K	$604K	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	0.0001777	−0.050%	$930	—	5x	as long as short
Hyperliquid HMSTR	+0.0521%	1h	0.0001790	+0.675%	$2.0M	$106K	3x	as long as short
Kraken Futures PF_HMSTRUSDshort	+0.2135%	1h	0.0001777	−0.055%	$10K	$6K	10x