Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.002%

Price spread now: Binance against QFEX+0.032%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.002%$0 · spread now +0.032%, 7d avg −0.012%

Together, before fees+0.003%$0 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 0.044% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.260	0.0003	pay 0.0000% / 1h	1m 55s	$1.3M	$593K	10x
Short	Binance HIMSUSDT	29.269	0	get 0.0000% / 8h	6h 01m	$966K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.57
Price spread: +0.032% → −0.012%: $4.39
Slippage, 4 orders: −$28.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.68
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 3 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 QFEX live order book, 4 min ago	3.42 bp	9.6 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.71 bp	13.3 bp −$13	48.1 bp −$481	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	−0.0235%	1h	29.287	+0.093%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.267	+0.026%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.269	+0.032%	$966K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.300	+0.137%	$298K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.034%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.254	−0.021%	$506K	$205K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.260	+0.001%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.270	+0.034%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.143	−0.400%	$7K	$38K	10x	as long as short
QFEX HIMS-USDlong	+0.0003%	1h	29.260	long leg	$1.3M	$593K	10x

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	+0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.267	+0.024%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	0.000%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.059%	$13K	$22K	5.5x	as long as short