Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.008%

Price spread now: HTX against tradeXYZ−0.024%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.284	0.0228	pay 0.0028% / 1h	45m 38s	$3.4M	$1.6M	10x
Short	HTX HIMS-USDT	29.277	0	get 0.0000% / 8h	2h 45m	$7K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$47.81
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$80.2
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; HTX: 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	1.20 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Nado HIMS-PERP	−0.0113%	1h	29.278	−0.021%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0004%	1h	29.250	−0.116%	$1.3M	$526K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.274	−0.034%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.269	−0.053%	$969K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.020%	$295K	$128K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.230	−0.184%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.269	−0.051%	$506K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.265	−0.065%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.265	−0.065%	—	$2.4M	10x	as long as short
HTX HIMS-USDTshort	0.0000%	8h	29.277	−0.024%	$7K	$39K	10x

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	29.250	−0.116%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.082%	$134K	$37K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.520	+0.806%	$13K	$22K	5.5x	as long as short
tradeXYZ xyz:HIMSlong	+0.0228%	1h	29.284	long leg	$3.4M	$1.6M	10x