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 0.000%

Price spread now: Gate against Bybit−0.055%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3443.437% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.055%, 7d avg −0.023%

Together, before fees−0.035%−$4 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: Gate is 0.032% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.300	0	get 0.0000% / 8h	7h 58m	$298K	$117K	25x
Short	Gate HIMS_USDT	29.284	0	get 0.0000% / 8h	7h 58m	$506K	$201K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.023%: −$3.21
Slippage, 4 orders: −$317.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$346.95
Costs to cover: 3.437%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 13 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, 6 min ago	10.24 bp	47.4 bp −$47	200.2 bp −$2,002	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	11.28 bp	204.8 bp −$205	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
Aster HIMSUSDT	0.0000%	8h	29.309	+0.032%	$4K	$2K	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.300	long leg	$298K	$117K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.270	−0.102%	$288K	$184K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.284	−0.055%	$506K	$201K	25x
Variational Omni HIMS	0.0000%	8h	29.291	−0.031%	$98K	$86K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.282	−0.061%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.259	−0.140%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.290	−0.034%	$1.4M	$731K	10x	as long as short
Binance HIMSUSDT	+0.0016%	8h	29.302	+0.006%	$987K	$2.7M	20x	as long as short
Nado HIMS-PERP	+0.0032%	1h	29.313	+0.045%	$2K	$2K	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	29.250	−0.171%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.278	−0.075%	$3.3M	$1.7M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.290	−0.034%	$136K	$22K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.590	+0.990%	$13K	$22K	5.5x	as long as short