Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.009%

Price spread now: Aster against tradeXYZ+0.021%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.021% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.132	0.0202	pay 0.0025% / 1h	15m 22s	$3.4M	$1.6M	10x
Short	Aster HIMSUSDT	29.138	0	get 0.0000% / 8h	1h 15m	$4K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$42.42
Price spread: +0.021% → 0.000%: $2.14
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$66.28
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; Aster: 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 tradeXYZ live order book, 3 min ago	2.40 bp	14.4 bp −$14	30.5 bp −$305	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 HIMSUSDTshort	0.0000%	8h	29.138	+0.021%	$4K	$2K	20x
Binance HIMSUSDT	0.0000%	8h	29.150	+0.062%	$963K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.140	+0.027%	$291K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	−0.110%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.136	+0.014%	$506K	$205K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.150	+0.061%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.117	−0.051%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.109	−0.079%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.130	−0.007%	$1.3M	$529K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−0.041%	—	—	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	29.130	−0.007%	$136K	$50K	20x	as long as short
Nado HIMS-PERP	+0.0106%	1h	29.136	+0.012%	$2K	$2K	10x	as long as short
tradeXYZ xyz:HIMSlong	+0.0202%	1h	29.132	long leg	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.390	+0.886%	$13K	$22K	5.5x	as long as short