Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.017%7-day average −0.021% · you sell dearer than you buy

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

Long on QFEX Short on SunX

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 3 days (all we have)−0.036%−$4 · spread now +0.017%, 7d avg −0.021%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SunX is 0.038% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.260	−0.0010	get 0.0001% / 1h	54m 31s	$1.3M	$587K	10x
Short	SunX HIMS-USDT	29.265	0	get 0.0000% / 8h	5h 54m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $2.07
Price spread: +0.017% → −0.021%: $3.8
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.14
Costs to cover: 0.180%
Break-even: 48.1 days

Slippage unknown: QFEX: live order book, 7 min ago; SunX: live order book, 2 min ago. 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 QFEX live order book, 7 min ago	102.53 bp	109.0 bp −$109	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.09 bp	doesn't fit	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	−0.0329%	1h	29.297	+0.127%	$2K	$2K	10x	as long as short
QFEX HIMS-USDlong	−0.0010%	1h	29.260	long leg	$1.3M	$587K	10x
Aster HIMSUSDT	0.0000%	8h	29.270	+0.035%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.280	+0.068%	$967K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.103%	$297K	$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	29.264	+0.014%	$506K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.270	+0.035%	$98K	$78K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.265	+0.017%	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.351	+0.311%	$6K	$38K	10x	as long as short

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	29.276	+0.055%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	+0.034%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.025%	$13K	$22K	5.5x	as long as short