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 0.000%

Price spread now: Gate against OKX−0.007%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$313as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$3133.133% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now −0.007%, 7d avg −0.052%

Together, before fees−0.260%−$26 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: Gate is 0.045% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.052%.

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	3h 52m	$287K	$173K	20x
Short	Gate HIMS_USDT	29.248	0	get 0.0000% / 8h	3h 52m	$505K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.052%: $4.54
Slippage, 4 orders: −$288.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$308.73
Costs to cover: 3.133%
Break-even: never at this rate

Slippage from OKX: live order book, 63 min ago; Gate: live order book, 64 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, 63 min ago	5.12 bp	75.9 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 64 min ago	9.75 bp	20.3 bp −$20	doesn't fit	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
Nado HIMS-PERP	−0.0255%	1h	29.278	+0.096%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.240	−0.034%	$1.3M	$555K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.252	+0.007%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.260	+0.034%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	+0.068%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.250	long leg	$287K	$173K	20x
Gate HIMS_USDTshort	0.0000%	8h	29.248	−0.007%	$505K	$199K	25x
Variational Omni HIMS	0.0000%	8h	29.260	+0.034%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.265	+0.051%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.194	−0.191%	$7K	$38K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMS	+0.0033%	1h	29.253	+0.010%	$3.3M	$1.6M	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	+0.034%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.034%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.060%	$13K	$22K	5.5x	as long as short