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: Kraken Futures against OKX+0.134%45s7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. Kraken Futures is 0.134% dearer against OKX than usual: you sell high and buy low (spread +0.134% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 45 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	OKX HMSTR-USDT-SWAP	0.0001764	0.0100	pay 0.0050% / 4h	1h 49m	$587K	$907K	10x
Short	Kraken Futures PF_HMSTRUSD	0.0001766	−0.0896	pay 0.0112% / 1h	49m 29s	$10K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$209.13
Price spread: +0.134% → 0.000%: $13.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$215.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 62 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 OKX live order book, 62 min ago	2.84 bp	28.5 bp −$29	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
Kraken Futures PF_HMSTRUSDshort	−0.0896%	1h	0.0001766	+0.134%	$10K	$11K	10x
BingX HMSTR-USDT	+0.0070%	4h	0.0001763	−0.057%	—	$1.3M	—	as long as short
Hyperliquid HMSTR	+0.0100%	1h	0.0001760	−0.227%	$1.9M	$210K	3x	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001765	+0.062%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001764	+0.006%	$2.2M	$2.2M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001764	0.000%	$1.4M	$577K	25x	as long as short
OKX HMSTR-USDT-SWAPlong	+0.0100%	4h	0.0001764	long leg	$587K	$907K	10x
Gate HMSTR_USDT	+0.0100%	4h	0.0001763	−0.057%	$390K	$139K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001765	+0.057%	$380K	$113K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001763	−0.057%	$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	+0.020%	$2K	$833	—	as long as short
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001764	0.000%	$13K	$616K	50x	as long as short
Extended kHMSTR-USD	+0.0104%	1h	0.0001764	+0.006%	$918	—	5x	as long as short