Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h 0.000%

Price spread now: tradeXYZ against Binance−0.064%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.064%, 7d avg −0.041%

Together, before fees+0.019%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.041%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HIMSUSDT	29.276	0	get 0.0000% / 8h	5h 02m	$966K	$2.6M	20x
Short	tradeXYZ xyz:HIMS	29.257	0.0050	get 0.0006% / 1h	2m 33s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.064%Rate

Funding earned: $10.5
Price spread: −0.064% → −0.041%: −$2.27
Slippage, 4 orders: −$33.34
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.11
Costs to cover: 0.613%
Break-even: 42.4 days

Slippage from Binance: live order book, 3 min ago; tradeXYZ: live order book, 5 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, 3 min ago	1.71 bp	17.3 bp −$17	51.0 bp −$510	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	3.93 bp	14.2 bp −$14	doesn't fit	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
Nado HIMS-PERP	−0.0190%	1h	29.262	−0.046%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.260	−0.053%	$1.3M	$568K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.269	−0.022%	$4K	$2K	20x	as long as short
Binance HIMSUSDTlong	0.0000%	8h	29.276	long leg	$966K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.270	−0.019%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	−0.053%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.239	−0.125%	$506K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.229	−0.158%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.249	−0.091%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.234	−0.142%	$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
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.053%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.257	−0.064%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.053%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+0.937%	$13K	$22K	5.5x	as long as short