Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.011%

Price spread now: Nado against OKX−0.041%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Nado

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. Nado is 0.041% cheaper against OKX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.150	0	get 0.0000% / 8h	1h 01m	$281K	$130K	20x
Short	Nado HIMS-PERP	29.138	0.0124	get 0.0016% / 1h	1m 15s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $26.1
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $5.04
Costs to cover: 0.170%
Break-even: 5.6 days

Slippage unknown: OKX: live order book, 39 min ago; Nado: no order-book sample. 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 OKX live order book, 39 min ago	6.86 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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
Aster HIMSUSDT	0.0000%	8h	29.137	−0.044%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.152	+0.008%	$963K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.140	−0.034%	$291K	$137K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.150	long leg	$281K	$130K	20x
Gate HIMS_USDT	0.0000%	8h	29.137	−0.045%	$506K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.150	+0.001%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.129	−0.072%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	28.980	−0.583%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.140	−0.034%	$1.3M	$545K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−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	29.090	−0.206%	$135K	$54K	20x	as long as short
Nado HIMS-PERPshort	+0.0124%	1h	29.138	−0.041%	$2K	$2K	10x
tradeXYZ xyz:HIMS	+0.0177%	1h	29.138	−0.041%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.390	+0.823%	$13K	$22K	5.5x	as long as short