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: OKX against Bybit−0.034%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2032.026% of the position

Long on Bybit Short on OKX

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)+0.070%+$7 · spread now −0.034%, 7d avg +0.025%

Together, before fees+0.070%+$7 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: OKX is 0.060% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.260	0	get 0.0000% / 8h	3h 49m	$296K	$120K	25x
Short	OKX HIMS-USDT-SWAP	29.250	0	get 0.0000% / 8h	3h 49m	$287K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.025%: −$5.96
Slippage, 4 orders: −$181.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$208.55
Costs to cover: 2.026%
Break-even: never at this rate

Slippage from Bybit: live order book, 60 min ago; OKX: live order book, 1 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, 60 min ago	8.53 bp	53.3 bp −$53	207.4 bp −$2,074	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	11.96 bp	30.4 bp −$30	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	−0.0281%	1h	29.278	+0.061%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.240	−0.068%	$1.3M	$551K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.242	−0.063%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.251	−0.030%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.260	long leg	$296K	$120K	25x
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.250	−0.034%	$287K	$173K	20x
Gate HIMS_USDT	0.0000%	8h	29.237	−0.079%	$505K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.250	−0.035%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.276	+0.055%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.345	+0.290%	$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	0.000%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.248	−0.041%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.250	−0.034%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.025%	$13K	$22K	5.5x	as long as short