Funding arb · Price arb /

HMSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC−0.041%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HMSTR_USDT	0.0001762	0.0100	pay 0.0050% / 4h	2h 04m	$377K	$121K	50x
Short	Extended kHMSTR-USD	0.0001761	0.0104	get 0.0013% / 1h	4m 32s	$923	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.22
Costs to cover: 0.090%
Break-even: 108.9 days

Slippage unknown: MEXC: live order book, 9 min ago; Extended: 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 MEXC live order book, 9 min ago	2.84 bp	10.8 bp −$11	50.7 bp −$507	153.4 bp −$15.3K	4294.0 bp −$2.15M
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	0.0001762	0.000%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001762	+0.011%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001761	−0.028%	$2.2M	$2.3M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001761	−0.057%	$1.4M	$586K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001761	−0.057%	$586K	$918K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001761	−0.057%	$390K	$143K	25x	as long as short
MEXC HMSTR_USDTlong	+0.0100%	4h	0.0001762	long leg	$377K	$121K	50x
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001762	0.000%	$246K	$60K	10x	as long as short
Variational Omni HMSTR	+0.0100%	4h	0.0001760	−0.090%	$2K	$2K	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001760	−0.114%	$13K	$618K	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-USDshort	+0.0104%	1h	0.0001761	−0.041%	$923	—	5x
Kraken Futures PF_HMSTRUSD	+0.1010%	1h	0.0001761	−0.059%	$10K	$11K	10x	as long as short
Hyperliquid HMSTR	+0.2499%	1h	0.0001770	+0.454%	$1.9M	$212K	3x	as long as short