Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin+0.053%7-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 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 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	KuCoin HIMSUSDTM	29.260	0.0100	pay 0.0100% / 8h	14m 57s	$136K	$22K	20x
Short	Nado HIMS-PERP	29.276	0.0151	get 0.0019% / 1h	14m 57s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.053%Rate

Funding earned: $10.61
Price spread: +0.053% → 0.000%: $5.32
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.07
Costs to cover: 0.190%
Break-even: 9.0 days

Slippage unknown: KuCoin: live order book, 39 min ago; 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 KuCoin live order book, 39 min ago	29.09 bp	289.8 bp −$290	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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
Aster HIMSUSDT	0.0000%	8h	29.262	+0.006%	$4K	$2K	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.280	+0.068%	$298K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	0.000%	$289K	$188K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.271	+0.038%	$505K	$207K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.291	+0.105%	$98K	$86K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.288	+0.096%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.260	0.000%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.270	+0.034%	$1.3M	$674K	10x	as long as short
Binance HIMSUSDT	+0.0021%	8h	29.290	+0.103%	$1.0M	$2.7M	20x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.240	−0.068%	—	—	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	+0.0050%	1h	29.270	+0.034%	$3.3M	$1.7M	10x	as long as short
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.260	long leg	$136K	$22K	20x
Nado HIMS-PERPshort	+0.0151%	1h	29.276	+0.053%	$2K	$2K	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.590	+1.128%	$13K	$22K	5.5x	as long as short