Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.003%

Price spread now: Bybit against Nado+0.053%49s7-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 Bybit

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.053% dearer against Nado 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). 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	Nado HIMS-PERP	29.134	−0.0017	get 0.0002% / 1h	28m 36s	$2K	$2K	10x
Short	Bybit HIMSUSDT	29.150	0	get 0.0000% / 8h	5h 28m	$290K	$140K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $3.47
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.2
Costs to cover: 0.180%
Break-even: 25.5 days

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 9 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 Bybit live order book, 9 min ago	6.85 bp	90.8 bp −$91	214.5 bp −$2,145	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 exchanges

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-PERPlong	−0.0017%	1h	29.134	long leg	$2K	$2K	10x
Aster HIMSUSDT	0.0000%	8h	29.104	−0.103%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.135	+0.003%	$960K	$2.8M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.150	+0.053%	$290K	$140K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.110	−0.084%	$280K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.136	+0.005%	$512K	$238K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.128	−0.022%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.143	+0.029%	—	$1.7M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.141	+0.022%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.130	−0.015%	$1.3M	$513K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.150	+0.053%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.140	+0.019%	$132K	$220K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0104%	1h	29.129	−0.019%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.430	+1.014%	$13K	$22K	5.5x	as long as short