Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.028%

Price spread now: SunX against Nado−0.075%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 SunX

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

Funding pays, the price is against you. SunX is 0.075% cheaper against Nado than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.307	−0.0066	get 0.0008% / 1h	4m 03s	$2K	$2K	10x
Short	SunX HIMS-USDT	29.285	0	get 0.0000% / 8h	7h 04m	—	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $13.77
Price spread: −0.075% → 0.000%: −$7.47
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.7
Costs to cover: 0.150%
Break-even: 11.4 days

Slippage unknown: Nado: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	500.18 bp	doesn't fit	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	−0.0066%	1h	29.307	long leg	$2K	$2K	10x
Aster HIMSUSDT	0.0000%	8h	29.285	−0.076%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.296	−0.036%	$980K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.310	+0.011%	$299K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.194%	$288K	$181K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.281	−0.088%	$507K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.279	−0.094%	$98K	$86K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.285	−0.075%	—	$2.5M	10x
HTX HIMS-USDT	0.0000%	8h	29.092	−0.733%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.280	−0.092%	$1.4M	$654K	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	−0.092%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.285	−0.075%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.280	−0.092%	$136K	$22K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+0.932%	$13K	$22K	5.5x	as long as short