Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0354%/8h= −38.8% APRpaid last 24h +0.004%

Price spread now: Gate against Nado−0.047%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Gate

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 against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.047% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.195	0.0354	pay 0.0044% / 1h	50m 19s	$2K	$2K	10x
Short	Gate HIMS_USDT	29.181	0	get 0.0000% / 8h	4h 50m	$512K	$239K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.047%Rate

Funding earned: −$74.32
Price spread: −0.047% → 0.000%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.04
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Gate: live order book, 54 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 Gate live order book, 54 min ago	17.98 bp	75.8 bp −$76	doesn't fit	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
Aster HIMSUSDT	0.0000%	8h	29.170	−0.085%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.180	−0.051%	$974K	$2.9M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.180	−0.051%	$290K	$140K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	−0.153%	$281K	$126K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.181	−0.047%	$512K	$239K	25x
Variational Omni HIMS	0.0000%	8h	29.177	−0.060%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.182	−0.044%	—	$1.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.166	−0.099%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0011%	1h	29.190	−0.016%	$1.3M	$522K	10x	as long as short
Injective HIMS/USDC PERP	+0.0033%	1h	29.430	+0.806%	$13K	$22K	5.5x	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	29.170	−0.085%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.170	−0.085%	$132K	$257K	20x	as long as short
Nado HIMS-PERPlong	+0.0354%	1h	29.195	long leg	$2K	$2K	10x
tradeXYZ xyz:HIMS	+0.0400%	1h	29.185	−0.033%	$3.6M	$1.7M	10x	as long as short