Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni−0.065%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

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—+ Points / potential airdropVariational Omni: 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: ApeX Omni is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 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	Variational Omni HMSTR	0.0001784	0.0100	pay 0.0050% / 4h	38m 44s	$2K	$919	—
Short	ApeX Omni HMSTRUSDT	0.0001783	0.0100	get 0.0013% / 1h	38m 44s	$13K	$603K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; ApeX Omni: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 64 min ago	11.24 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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	0.0001783	−0.065%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001782	−0.121%	$33K	$6K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001782	−0.137%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001781	−0.177%	$1.5M	$594K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001782	−0.121%	$627K	$728K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001783	−0.065%	$416K	$243K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001781	−0.177%	$390K	$116K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001782	−0.121%	$253K	$57K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001784	long leg	$2K	$919	—
ApeX Omni HMSTRUSDTshort	+0.0100%	1h	0.0001783	−0.065%	$13K	$603K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended kHMSTR-USD	+0.0104%	1h	0.0001781	−0.176%	$927	—	5x	as long as short
Hyperliquid HMSTR	+0.1994%	1h	0.0001790	+0.328%	$2.0M	$109K	3x	as long as short
Kraken Futures PF_HMSTRUSD	+0.2129%	1h	0.0001782	−0.119%	$10K	$6K	10x	as long as short