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 Gate−0.120%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$617as in the Funding arb table

Net, price: spread back to 7d avg − costs−$634as in the Price arb table

costs, in and out, $10k−$6176.171% of the position

Long on Gate 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)+0.194%+$19 · spread now −0.120%, 7d avg +0.052%

Together, before fees+0.194%+$19 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 0.172% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.255	0	get 0.0000% / 8h	6h 19m	$506K	$205K	25x
Short	OKX HIMS-USDT-SWAP	29.220	0	get 0.0000% / 8h	6h 19m	$287K	$174K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.052%: −$17.19
Slippage, 4 orders: −$592.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$634.33
Costs to cover: 6.171%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; OKX: live order book, 45 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, 46 min ago	10.76 bp	241.1 bp −$241	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 45 min ago	8.54 bp	30.0 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	−0.0187%	1h	29.308	+0.181%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.284	+0.099%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.280	+0.085%	$968K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.280	+0.085%	$297K	$118K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.220	−0.120%	$287K	$174K	20x
Gate HIMS_USDTlong	0.0000%	8h	29.255	long leg	$506K	$205K	25x
Variational Omni HIMS	0.0000%	8h	29.265	+0.033%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.248	−0.024%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.267	+0.041%	$7K	$38K	10x	as long as short
QFEX HIMS-USD	+0.0003%	1h	29.270	+0.051%	$1.3M	$619K	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	+0.085%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.287	+0.109%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	+0.051%	$134K	$34K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.008%	$13K	$22K	5.5x	as long as short