Funding arb · Price arb /

HMSTR

all HMSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−0.124%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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: Bybit is 0.124% cheaper against Variational Omni than usual: you would sell low and buy high, −$12 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	0.0001771	0.0100	pay 0.0050% / 4h	47m 57s	$2K	$919	—
Short	Bybit HMSTRUSDT	0.0001769	0.0100	get 0.0050% / 4h	47m 57s	$1.4M	$594K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → 0.000%: −$12.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.36
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	5.64 bp	45.5 bp −$45	901.5 bp −$9,015	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	0.0001769	−0.124%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001770	−0.062%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001770	−0.067%	$2.2M	$1.9M	10x	as long as short
Bybit HMSTRUSDTshort	+0.0100%	4h	0.0001769	−0.124%	$1.4M	$594K	25x
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001768	−0.180%	$601K	$739K	10x	as long as short
Gate HMSTR_USDT	+0.0100%	4h	0.0001772	+0.046%	$404K	$146K	25x	as long as short
MEXC HMSTR_USDT	+0.0100%	4h	0.0001768	−0.180%	$386K	$115K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001771	−0.011%	$258K	$50K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001771	long leg	$2K	$919	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001771	−0.011%	$13K	$609K	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	0.0001769	−0.150%	$923	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1122%	1h	0.0001764	−0.433%	$10K	$7K	10x	as long as short
Hyperliquid HMSTR	+0.1503%	1h	0.0001780	+0.497%	$2.0M	$115K	3x	as long as short