Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: tradeXYZ against KuCoin+0.034%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$947as in the Funding arb table

Net, price: spread back to 7d avg − costs−$919as in the Price arb table

costs, in and out, $10k−$9259.248% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.034%, 7d avg −0.020%

Together, before fees+0.051%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.020%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.218% in total) that is about 41 hours.

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	5h 24m	$134K	$35K	20x
Short	tradeXYZ xyz:HIMS	29.270	0.0050	get 0.0006% / 1h	24m 44s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.5
Price spread: +0.034% → −0.020%: $5.38
Slippage, 4 orders: −$894.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$929.92
Costs to cover: 9.248%
Break-even: never at this rate

Slippage from KuCoin: live order book, 64 min ago; tradeXYZ: live order book, 2 min ago.

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, 64 min ago	1.71 bp	409.0 bp −$409	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	4.27 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0314%	1h	29.298	+0.129%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.260	0.000%	$1.3M	$572K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.274	+0.048%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.260	0.000%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.103%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.034%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.251	−0.031%	$506K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.259	−0.003%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.244	−0.055%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.179	−0.277%	$6K	$38K	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	+0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.270	+0.034%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.260	long leg	$134K	$35K	20x
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.059%	$13K	$22K	5.5x	as long as short