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: Binance against Bybit−0.068%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2212.214% of the position

Long on Bybit Short on Binance

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)−0.146%−$15 · spread now −0.068%, 7d avg −0.027%

Together, before fees−0.202%−$20 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: Binance is 0.042% cheaper against Bybit than usual: you would sell low and buy high, −$4 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	Bybit HIMSUSDT	29.300	0	get 0.0000% / 8h	5h 33m	$298K	$119K	25x
Short	Binance HIMSUSDT	29.280	0	get 0.0000% / 8h	5h 33m	$967K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.027%: −$4.16
Slippage, 4 orders: −$200.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$225.52
Costs to cover: 2.214%
Break-even: never at this rate

Slippage from Bybit: live order book, 21 min ago; Binance: live order book, 2 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 Bybit live order book, 21 min ago	3.41 bp	89.5 bp −$89	211.7 bp −$2,117	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.41 bp	15.8 bp −$16	41.9 bp −$419	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	−0.0301%	1h	29.298	−0.006%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.270	−0.102%	$1.3M	$581K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.272	−0.094%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.280	−0.068%	$967K	$2.6M	20x
Bybit HIMSUSDTlong	0.0000%	8h	29.300	long leg	$298K	$119K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.171%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.255	−0.154%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.259	−0.139%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.253	−0.160%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.168	−0.451%	$6K	$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	29.280	−0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.272	−0.096%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.137%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+0.922%	$13K	$22K	5.5x	as long as short