Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.009%

Price spread now: Binance against Nado+0.040%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Binance

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. Binance is 0.040% dearer against Nado than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.138	0.0122	pay 0.0015% / 1h	4m 29s	$2K	$2K	10x
Short	Binance HIMSUSDT	29.150	0	get 0.0000% / 8h	1h 04m	$963K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$25.61
Price spread: +0.040% → 0.000%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Binance: live order book, 16 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 Nado no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	1.72 bp	15.4 bp −$15	50.5 bp −$505	doesn't fit	doesn't fit

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	29.138	−0.001%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.150	+0.040%	$963K	$2.7M	20x
Bybit HIMSUSDT	0.0000%	8h	29.130	−0.028%	$290K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	+0.040%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.142	+0.013%	$506K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.150	+0.041%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.118	−0.070%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.212	+0.253%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.140	+0.006%	$1.3M	$541K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−0.063%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HIMSUSDTM	+0.0100%	8h	29.090	−0.166%	$135K	$54K	20x	as long as short
Nado HIMS-PERPlong	+0.0122%	1h	29.138	long leg	$2K	$2K	10x
tradeXYZ xyz:HIMS	+0.0180%	1h	29.142	+0.013%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.390	+0.864%	$13K	$22K	5.5x	as long as short