Funding arb · Price arb /

HMSTR

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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: Gate against Variational Omni+0.240%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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: Gate is 0.240% dearer against Variational Omni than usual: you sell high and buy low, +$24 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	0.0001780	0.0100	pay 0.0050% / 4h	3h 13m	$2K	$920	—
Short	Gate HMSTR_USDT	0.0001784	0.0100	get 0.0050% / 4h	3h 13m	$397K	$150K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → 0.000%: $24.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $9.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 57 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 Gate live order book, 57 min ago	5.66 bp	67.2 bp −$67	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	0.0001785	+0.296%	—	$1.3M	—	as long as short
Aster HMSTRUSDT	+0.0100%	4h	0.0001785	+0.268%	$33K	$7K	5x	as long as short
Binance HMSTRUSDT	+0.0100%	4h	0.0001785	+0.296%	$2.2M	$2.0M	10x	as long as short
Bybit HMSTRUSDT	+0.0100%	4h	0.0001784	+0.240%	$1.5M	$585K	25x	as long as short
OKX HMSTR-USDT-SWAP	+0.0100%	4h	0.0001786	+0.353%	$595K	$854K	10x	as long as short
Gate HMSTR_USDTshort	+0.0100%	4h	0.0001784	+0.240%	$397K	$150K	25x
MEXC HMSTR_USDT	+0.0100%	4h	0.0001784	+0.240%	$389K	$118K	50x	as long as short
KuCoin HMSTRUSDTM	+0.0100%	4h	0.0001784	+0.240%	$250K	$48K	10x	as long as short
Variational Omni HMSTRlong	+0.0100%	4h	0.0001780	long leg	$2K	$920	—
ApeX Omni HMSTRUSDT	+0.0100%	1h	0.0001783	+0.184%	$13K	$613K	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	0.0001785	+0.279%	$928	—	5x	as long as short
Kraken Futures PF_HMSTRUSD	+0.1581%	1h	0.0001788	+0.460%	$10K	$8K	10x	as long as short
Hyperliquid HMSTR	+0.3143%	1h	0.0001790	+0.577%	$2.0M	$118K	3x	as long as short