Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+1.159%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.159% dearer against Gate than usual: you sell high and buy low: +$116 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.261	0	get 0.0000% / 8h	50m 26s	$505K	$205K	25x
Short	Injective HIMS/USDC PERP	29.600	0.0220	get 0.0028% / 1h	50m 26s	$13K	$22K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.159%Rate

Funding earned: $46.2
Price spread: +1.159% → 0.000%: $115.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $147.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 25 min ago; Injective: 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 Gate live order book, 25 min ago	13.85 bp	47.0 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster HIMSUSDT	0.0000%	8h	29.244	−0.059%	$4K	$2K	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	+0.031%	$299K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.240	−0.072%	$288K	$187K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.261	long leg	$505K	$205K	25x
Variational Omni HIMS	0.0000%	8h	29.271	+0.034%	$98K	$87K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.278	+0.058%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.196	−0.222%	$6K	$38K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.270	+0.031%	$1.3M	$659K	10x	as long as short
Binance HIMSUSDT	+0.0033%	8h	29.260	−0.003%	$1.0M	$2.7M	20x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.280	+0.065%	—	—	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:HIMS	+0.0050%	1h	29.263	+0.007%	$3.3M	$1.7M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.240	−0.072%	$136K	$22K	20x	as long as short
Injective HIMS/USDC PERPshort	+0.0220%	1h	29.600	+1.159%	$13K	$22K	5.5x
Nado HIMS-PERP	+0.0243%	1h	29.251	−0.035%	$2K	$2K	10x	as long as short