Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against Gate+0.055%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2982.982% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.245%+$24 · spread now +0.055%, 7d avg −0.037%

Together, before fees+0.195%+ Points / potential airdroptradeXYZ: Active · farm board+$20 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 0.092% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.256	0	get 0.0000% / 8h	5h 27m	$506K	$201K	25x
Short	tradeXYZ xyz:HIMS	29.272	0.0050	get 0.0006% / 1h	27m 39s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.055%Rate

Funding earned: $10.5
Price spread: +0.055% → −0.037%: $9.15
Slippage, 4 orders: −$265.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$278.55
Costs to cover: 2.982%
Break-even: 192.7 days

Slippage from Gate: live order book, 33 min ago; tradeXYZ: live order book, 10 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, 33 min ago	15.89 bp	68.7 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	3.93 bp	13.5 bp −$13	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	−0.0305%	1h	29.298	+0.144%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.270	+0.048%	$1.3M	$572K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.278	+0.075%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.265	+0.031%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.116%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.021%	$287K	$172K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.256	long leg	$506K	$201K	25x
Variational Omni HIMS	0.0000%	8h	29.269	+0.044%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.244	−0.041%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.206	−0.171%	$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	+0.082%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.272	+0.055%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.014%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.073%	$13K	$22K	5.5x	as long as short