Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h +0.008%

Price spread now: Nado against Bybit−0.145%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.145% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	28.880	0	get 0.0000% / 8h	7h 27m	$288K	$139K	25x
Short	Nado HIMS-PERP	28.838	−0.0171	pay 0.0021% / 1h	27m 19s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.145%Rate

Funding earned: −$35.9
Price spread: −0.145% → 0.000%: −$14.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$68.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 62 min ago; 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 Bybit live order book, 62 min ago	10.30 bp	148.9 bp −$149	259.6 bp −$2,596	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	−0.0171%	1h	28.838	−0.145%	$2K	$2K	10x
QFEX HIMS-USD	−0.0008%	1h	28.850	−0.104%	$1.3M	$558K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	28.884	+0.015%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	28.860	−0.069%	$946K	$2.8M	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	28.880	long leg	$288K	$139K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	28.870	−0.035%	$278K	$127K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	28.837	−0.149%	$498K	$211K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	28.900	+0.070%	$96K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	28.868	−0.042%	—	$2.3M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	28.978	+0.339%	$7K	$39K	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	28.850	−0.104%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	28.847	−0.114%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	28.880	0.000%	$131K	$104K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.835%	$13K	$22K	5.5x	as long as short