Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against HTX−0.264%49s7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. tradeXYZ is 0.264% cheaper against HTX than usual: you would sell low and buy high (spread −0.264% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 14 days of funding at the current rate (+$2 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HIMS-USDT	29.186	0	get 0.0000% / 8h	51m 18s	$6K	$39K	10x
Short	tradeXYZ xyz:HIMS	29.109	0.0065	get 0.0008% / 1h	51m 18s	$3.4M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.264%Rate

Funding earned: $13.56
Price spread: −0.264% → 0.000%: −$26.38
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.82
Costs to cover: 0.300%
Break-even: 29.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 6 min ago. 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 tradeXYZ live order book, 6 min ago	3.43 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit

HTX: 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-PERP	−0.0040%	1h	29.118	−0.234%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.103	−0.283%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.110	−0.260%	$962K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.110	−0.260%	$290K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	−0.123%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.102	−0.288%	$504K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.140	−0.159%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.121	−0.223%	—	$2.4M	10x	as long as short
HTX HIMS-USDTlong	0.0000%	8h	29.186	long leg	$6K	$39K	10x
QFEX HIMS-USD	+0.0013%	1h	29.100	−0.295%	$1.3M	$550K	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	29.100	−0.295%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0065%	1h	29.109	−0.264%	$3.4M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−0.260%	$135K	$55K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.450	+0.905%	$13K	$22K	5.5x	as long as short