Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.008%

Price spread now: Nado against SunX+0.013%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.115	0	get 0.0000% / 8h	6h 54m	—	$2.1M	10x
Short	Nado HIMS-PERP	29.119	0.0107	get 0.0013% / 1h	54m 49s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now +0.013%Rate

Funding earned: $22.39
Price spread: +0.013% → 0.000%: $1.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $8.67
Costs to cover: 0.150%
Break-even: 4.3 days

Slippage unknown: SunX: live order book, 2 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 SunX live order book, 2 min ago	500.16 bp	doesn't fit	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	29.112	−0.010%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.100	−0.052%	$964K	$2.9M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.150	+0.120%	$290K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	−0.052%	$280K	$129K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.104	−0.038%	$509K	$219K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.114	−0.002%	$97K	$75K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.115	long leg	—	$2.1M	10x
HTX HIMS-USDT	0.0000%	8h	29.091	−0.082%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0022%	1h	29.130	+0.052%	$1.3M	$551K	10x	as long as short
Injective HIMS/USDC PERP	+0.0033%	1h	29.410	+1.013%	$13K	$22K	5.5x	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	29.130	+0.052%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.110	−0.017%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.120	+0.017%	$132K	$142K	20x	as long as short
Nado HIMS-PERPshort	+0.0107%	1h	29.119	+0.013%	$2K	$2K	10x