Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: OKX against QFEX−0.034%7-day average +0.052% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.034%, 7d avg +0.052%

Together, before fees+0.300%+$30 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: OKX is 0.086% cheaper against QFEX than usual: you would sell low and buy high, −$9 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	QFEX HIMS-USD	29.310	−0.0002	get 0.0000% / 1h	15m 09s	$1.3M	$562K	10x
Short	OKX HIMS-USDT-SWAP	29.300	0	get 0.0000% / 8h	4h 15m	$287K	$174K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.4
Price spread: −0.034% → +0.052%: −$8.62
Slippage, 4 orders: −$148.01
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$176.23
Costs to cover: 1.680%
Break-even: 3066.6 days

Slippage from QFEX: live order book, 1 min ago; OKX: live order book, 40 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, 1 min ago	27.29 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 40 min ago	5.12 bp	24.1 bp −$24	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
QFEX HIMS-USDlong	−0.0002%	1h	29.310	long leg	$1.3M	$562K	10x
Aster HIMSUSDT	0.0000%	8h	29.308	−0.006%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.315	+0.017%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.320	+0.034%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.300	−0.034%	$287K	$174K	20x
Gate HIMS_USDT	0.0000%	8h	29.294	−0.055%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.310	0.000%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.306	−0.014%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.304	−0.020%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.300	−0.034%	—	—	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	+0.0050%	1h	29.308	−0.007%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.310	0.000%	$135K	$35K	20x	as long as short
Nado HIMS-PERP	+0.0118%	1h	29.318	+0.027%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+0.921%	$13K	$22K	5.5x	as long as short