Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Variational Omni against tradeXYZ−0.076%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 Variational Omni

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 airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.076% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 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	29.242	0.0050	pay 0.0006% / 1h	18m 00s	$3.3M	$1.6M	10x
Short	Variational Omni HIMS	29.220	0	get 0.0000% / 8h	3h 18m	$97K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: −$10.5
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	3.25 bp	16.3 bp −$16	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
Nado HIMS-PERP	−0.0152%	1h	29.238	−0.014%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.220	−0.075%	$1.3M	$525K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.214	−0.095%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.230	−0.041%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	−0.007%	$294K	$124K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	+0.027%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.214	−0.096%	$505K	$201K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.220	−0.076%	$97K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.240	−0.007%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.314	+0.246%	$7K	$39K	10x	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	29.220	−0.075%	—	—	10x	as long as short
tradeXYZ xyz:HIMSlong	+0.0050%	1h	29.242	long leg	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.200	−0.144%	$134K	$37K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.053%	$13K	$22K	5.5x	as long as short