Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.014%

Price spread now: Nado against HTX+0.167%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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.167% dearer against HTX than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HIMS-USDT	29.245	0	get 0.0000% / 8h	2h 50m	$7K	$39K	10x
Short	Nado HIMS-PERP	29.294	−0.0092	pay 0.0011% / 1h	50m 23s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.167%Rate

Funding earned: −$19.29
Price spread: +0.167% → 0.000%: $16.67
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$21.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Nado: 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 Nado no order-book sample	—	—	—	—	—

HTX and Nado: 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
Nado HIMS-PERPshort	−0.0092%	1h	29.294	+0.167%	$2K	$2K	10x
QFEX HIMS-USD	−0.0004%	1h	29.280	+0.120%	$1.3M	$524K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.286	+0.140%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.290	+0.154%	$970K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.320	+0.256%	$295K	$128K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.230	−0.051%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.275	+0.103%	$506K	$198K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.275	+0.102%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.251	+0.021%	—	$2.4M	10x	as long as short
HTX HIMS-USDTlong	0.0000%	8h	29.245	long leg	$7K	$39K	10x

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	29.250	+0.017%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.051%	$134K	$37K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0205%	1h	29.286	+0.140%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.520	+0.940%	$13K	$22K	5.5x	as long as short