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 Gate+0.021%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on Gate 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)+0.036%+$4 · spread now +0.021%, 7d avg 0.000%

Together, before fees−0.020%−$2 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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.104	0	get 0.0000% / 8h	40m 45s	$504K	$203K	25x
Short	Binance HIMSUSDT	29.110	0	get 0.0000% / 8h	40m 45s	$962K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: −$93.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$116.65
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; Binance: 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 Gate live order book, 60 min ago	17.85 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	3.43 bp	18.9 bp −$19	49.8 bp −$498	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	−0.0022%	1h	29.091	−0.045%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.102	−0.008%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.110	+0.021%	$962K	$2.7M	20x
Bybit HIMSUSDT	0.0000%	8h	29.120	+0.055%	$290K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.140	+0.124%	$281K	$130K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.104	long leg	$504K	$203K	25x
Variational Omni HIMS	0.0000%	8h	29.114	+0.035%	$97K	$77K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.095	−0.031%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.080	−0.082%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.130	+0.089%	$1.3M	$555K	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	29.120	+0.055%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.120	+0.055%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	+0.021%	$135K	$55K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.450	+1.189%	$13K	$22K	5.5x	as long as short