Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: Injective against KuCoin+1.025%70s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 +$4 a day on $10k at the current rate, and Injective is 1.025% dearer against KuCoin than usual: you sell high and buy low: +$102 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	KuCoin HIMSUSDTM	29.280	0.0100	pay 0.0100% / 8h	7h 04m	$136K	$22K	20x
Short	Injective HIMS/USDC PERP	29.580	0.0220	get 0.0028% / 1h	4m 02s	$13K	$22K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.025%Rate

Funding earned: $25.2
Price spread: +1.025% → 0.000%: $102.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $115.64
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 40 min ago; 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 KuCoin live order book, 40 min ago	32.46 bp	386.7 bp −$387	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Nado HIMS-PERP	−0.0066%	1h	29.307	+0.092%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.285	+0.016%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.296	+0.056%	$980K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.310	+0.102%	$299K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.102%	$288K	$181K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.281	+0.003%	$507K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.279	−0.002%	$98K	$86K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.285	+0.017%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.092	−0.642%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.280	0.000%	$1.4M	$654K	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	0.000%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.285	+0.017%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.280	long leg	$136K	$22K	20x
Injective HIMS/USDC PERPshort	+0.0220%	1h	29.580	+1.025%	$13K	$22K	5.5x