Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+0.579%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.579% dearer against HTX than usual: you sell high and buy low: +$58 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	HTX HIMS-USDT	29.360	0	get 0.0000% / 8h	2h 21m	$7K	$38K	10x
Short	Injective HIMS/USDC PERP	29.530	0.0220	get 0.0028% / 1h	21m 06s	$13K	$22K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.579%Rate

Funding earned: $46.2
Price spread: +0.579% → 0.000%: $57.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $92.08
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX and 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	29.210	−0.511%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.246	−0.388%	$995K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.280	−0.272%	$299K	$116K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.300	−0.204%	$289K	$187K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.244	−0.395%	$505K	$211K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.234	−0.429%	$97K	$87K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.241	−0.405%	—	$2.6M	10x	as long as short
HTX HIMS-USDTlong	0.0000%	8h	29.360	long leg	$7K	$38K	10x
QFEX HIMS-USD	+0.0026%	1h	29.240	−0.409%	$1.3M	$633K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.280	−0.272%	—	—	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	+0.0053%	1h	29.251	−0.371%	$3.3M	$1.7M	10x	as long as short
Nado HIMS-PERP	+0.0058%	1h	29.249	−0.380%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.210	−0.511%	$135K	$22K	20x	as long as short
Injective HIMS/USDC PERPshort	+0.0220%	1h	29.530	+0.579%	$13K	$22K	5.5x