Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h +0.018%

Price spread now: Nado against Aster+0.094%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Nado

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 airdropAster: Stage 5 · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.094% dearer against Aster than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HIMSUSDT	29.251	0	get 0.0000% / 8h	3h 52m	$4K	$2K	20x
Short	Nado HIMS-PERP	29.278	−0.0238	pay 0.0030% / 1h	52m 47s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.094%Rate

Funding earned: −$50.02
Price spread: +0.094% → 0.000%: $9.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$55.61
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Nado: 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 Aster no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Aster and Nado: 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.

HIMS on 14 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
Nado HIMS-PERPshort	−0.0238%	1h	29.278	+0.094%	$2K	$2K	10x
QFEX HIMS-USD	−0.0008%	1h	29.240	−0.036%	$1.3M	$556K	10x	as long as short
Aster HIMSUSDTlong	0.0000%	8h	29.251	long leg	$4K	$2K	20x
Binance HIMSUSDT	0.0000%	8h	29.260	+0.032%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	+0.066%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.002%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.256	+0.018%	$505K	$198K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.260	+0.031%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.273	+0.076%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.194	−0.194%	$7K	$38K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMS	+0.0024%	1h	29.240	−0.036%	$3.3M	$1.6M	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	+0.032%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.032%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.058%	$13K	$22K	5.5x	as long as short