Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against Bybit−0.031%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.031%, 7d avg −0.061%

Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.320	0	get 0.0000% / 8h	7h 48m	$299K	$117K	25x
Short	tradeXYZ xyz:HIMS	29.311	0.0050	get 0.0006% / 1h	48m 19s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.5
Price spread: −0.031% → −0.061%: $3
Slippage, 4 orders: −$104.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$119.54
Costs to cover: 1.330%
Break-even: 86.7 days

Slippage from Bybit: live order book, 16 min ago; tradeXYZ: live order book, 9 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, 16 min ago	10.24 bp	47.4 bp −$47	200.2 bp −$2,002	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	3.07 bp	22.4 bp −$22	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	29.308	−0.040%	$4K	$2K	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.320	long leg	$299K	$117K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.300	−0.068%	$289K	$182K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.298	−0.075%	$507K	$203K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.305	−0.050%	$98K	$86K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.293	−0.092%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.279	−0.140%	$6K	$37K	10x	as long as short
Binance HIMSUSDT	+0.0001%	8h	29.320	0.000%	$991K	$2.6M	20x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.320	0.000%	$1.4M	$728K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.340	+0.068%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.311	−0.031%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.300	−0.068%	$136K	$22K	20x	as long as short
Nado HIMS-PERP	+0.0136%	1h	29.319	−0.005%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.590	+0.921%	$13K	$22K	5.5x	as long as short