Funding arb · Price arb /

HIMS

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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: Variational Omni against QFEX+0.068%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.068% dearer against QFEX than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.260	−0.0002	get 0.0000% / 1h	41m 24s	$1.3M	$566K	10x
Short	Variational Omni HIMS	29.280	0	get 0.0000% / 8h	4h 41m	$98K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.4
Price spread: +0.068% → 0.000%: $6.79
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.8
Costs to cover: 0.100%
Break-even: 55.7 days

Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: 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 QFEX live order book, 5 min ago	27.32 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
QFEX HIMS-USDlong	−0.0002%	1h	29.260	long leg	$1.3M	$566K	10x
Aster HIMSUSDT	0.0000%	8h	29.262	+0.007%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.275	+0.052%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	0.000%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	0.000%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.247	−0.044%	$505K	$200K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.280	+0.068%	$98K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.263	+0.010%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.272	+0.041%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	0.000%	—	—	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	29.260	0.000%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0151%	1h	29.258	−0.007%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+0.991%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERP	+0.0224%	1h	29.253	−0.025%	$2K	$2K	10x	as long as short