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: Bybit against Gate+0.089%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$461as in the Funding arb table

Net, price: spread back to 7d avg − costs−$455as in the Price arb table

costs, in and out, $10k−$4614.615% of the position

Long on Gate Short on Bybit

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)+0.300%+$30 · spread now +0.089%, 7d avg +0.024%

Together, before fees+0.300%+$30 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: Bybit is 0.065% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.264	0	get 0.0000% / 8h	5h 41m	$506K	$201K	25x
Short	Bybit HIMSUSDT	29.290	0	get 0.0000% / 8h	5h 41m	$297K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.024%: $6.48
Slippage, 4 orders: −$435.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$455.01
Costs to cover: 4.615%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; Bybit: 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 Gate live order book, 20 min ago	15.89 bp	68.7 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 13 min ago	3.41 bp	103.2 bp −$103	215.7 bp −$2,157	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	−0.0288%	1h	29.288	+0.081%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.270	+0.021%	$1.3M	$586K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.268	+0.014%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.270	+0.019%	$967K	$2.6M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.290	+0.089%	$297K	$119K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.048%	$287K	$172K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.264	long leg	$506K	$201K	25x
Variational Omni HIMS	0.0000%	8h	29.264	+0.001%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.270	+0.021%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.236	−0.096%	$6K	$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	29.280	+0.055%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.273	+0.031%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.014%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.011%	$13K	$22K	5.5x	as long as short