Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.008%

Price spread now: Binance against tradeXYZ−0.007%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.007%, 7d avg +0.041%

Together, before fees+0.033%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.222	0.0149	pay 0.0019% / 1h	52m 46s	$3.4M	$1.6M	10x
Short	Binance HIMSUSDT	29.220	0	get 0.0000% / 8h	1h 52m	$965K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$31.33
Price spread: −0.007% → +0.041%: −$4.75
Slippage, 4 orders: −$30.52
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.6
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 12 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 tradeXYZ live order book, 4 min ago	4.28 bp	13.9 bp −$14	29.6 bp −$296	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.71 bp	14.5 bp −$15	43.1 bp −$431	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
Aster HIMSUSDT	0.0000%	8h	29.198	−0.081%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.220	−0.007%	$965K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.230	+0.027%	$295K	$129K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.190	−0.110%	$286K	$123K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.203	−0.065%	$507K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.215	−0.024%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.227	+0.017%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.280	+0.198%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.210	−0.041%	$1.3M	$511K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.200	−0.075%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0095%	1h	29.208	−0.048%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.190	−0.110%	$136K	$38K	20x	as long as short
tradeXYZ xyz:HIMSlong	+0.0149%	1h	29.222	long leg	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.530	+1.054%	$13K	$22K	5.5x	as long as short