Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h −0.008%

Price spread now: OKX against Nado−0.077%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 OKX

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

Funding pays, the price is against you. OKX is 0.077% cheaper against Nado than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 18 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.072	−0.0348	get 0.0044% / 1h	40m 58s	$2K	$2K	10x
Short	OKX HIMS-USDT-SWAP	29.050	0	get 0.0000% / 8h	7h 40m	$280K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $73.16
Price spread: −0.077% → 0.000%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $48.45
Costs to cover: 0.170%
Break-even: 2.4 days

Slippage unknown: Nado: no order-book sample; OKX: 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 OKX live order book, 54 min ago	8.59 bp	56.1 bp −$56	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 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-PERPlong	−0.0348%	1h	29.072	long leg	$2K	$2K	10x
tradeXYZ xyz:HIMS	−0.0079%	1h	29.048	−0.084%	$3.3M	$1.6M	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.020	−0.180%	$1.3M	$557K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.064	−0.030%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.020	−0.180%	$966K	$2.8M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.070	−0.008%	$289K	$138K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.050	−0.077%	$280K	$127K	20x
Gate HIMS_USDT	0.0000%	8h	29.013	−0.204%	$502K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.000	−0.248%	$97K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.037	−0.122%	—	$2.3M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX HIMS-USDT	0.0000%	8h	29.079	+0.023%	$7K	$39K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.000	−0.249%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.050	−0.077%	$131K	$89K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.161%	$13K	$22K	5.5x	as long as short