Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against Binance0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1781.777% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.250%+$25 · spread now 0.000%, 7d avg +0.027%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HIMSUSDT	29.280	0	get 0.0000% / 8h	4h 46m	$966K	$2.6M	20x
Short	Bybit HIMSUSDT	29.280	0	get 0.0000% / 8h	4h 46m	$297K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.027%: −$2.68
Slippage, 4 orders: −$156.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$180.39
Costs to cover: 1.777%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 3 min ago.

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 Binance live order book, 4 min ago	1.71 bp	14.7 bp −$15	39.5 bp −$395	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	8.53 bp	94.2 bp −$94	218.2 bp −$2,182	doesn't fit	doesn't fit

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
QFEX HIMS-USD	−0.0002%	1h	29.260	−0.068%	$1.3M	$564K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.270	−0.035%	$4K	$2K	20x	as long as short
Binance HIMSUSDTlong	0.0000%	8h	29.280	long leg	$966K	$2.6M	20x
Bybit HIMSUSDTshort	0.0000%	8h	29.280	0.000%	$297K	$119K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.300	+0.068%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.268	−0.041%	$506K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.270	−0.035%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.280	0.000%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.270	−0.034%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.068%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.034%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0131%	1h	29.258	−0.075%	$3.3M	$1.6M	10x	as long as short
Nado HIMS-PERP	+0.0207%	1h	29.253	−0.094%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+0.922%	$13K	$22K	5.5x	as long as short