Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against OKX+0.125%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.447%−$45 · spread now +0.125%, 7d avg −0.054%

Together, before fees−0.503%−$50 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.179% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.250	0	get 0.0000% / 8h	4h 24m	$287K	$173K	20x
Short	Binance HIMSUSDT	29.287	0	get 0.0000% / 8h	4h 24m	$964K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.054%: $17.91
Slippage, 4 orders: −$107.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$109.99
Costs to cover: 1.279%
Break-even: never at this rate

Slippage from OKX: live order book, 31 min ago; Binance: live order book, 11 min ago.

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 OKX live order book, 31 min ago	5.12 bp	75.9 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.71 bp	16.5 bp −$17	52.3 bp −$523	doesn't fit	doesn't fit

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
QFEX HIMS-USD	−0.0002%	1h	29.280	+0.103%	$1.3M	$560K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.285	+0.119%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.287	+0.125%	$964K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.300	+0.171%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.250	long leg	$287K	$173K	20x
Gate HIMS_USDT	0.0000%	8h	29.271	+0.072%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.280	+0.101%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.284	+0.116%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.119	−0.448%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.280	+0.103%	—	—	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	29.290	+0.137%	$135K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0105%	1h	29.302	+0.178%	$3.3M	$1.6M	10x	as long as short
Nado HIMS-PERP	+0.0194%	1h	29.298	+0.163%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.094%	$13K	$22K	5.5x	as long as short