Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.004%

Price spread now: Nado against Variational Omni−0.056%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.056% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.207	0	get 0.0000% / 8h	4h 09m	$97K	$75K	—
Short	Nado HIMS-PERP	29.190	0.0094	get 0.0012% / 1h	9m 26s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.056%Rate

Funding earned: $19.82
Price spread: −0.056% → 0.000%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $7.21
Costs to cover: 0.070%
Break-even: 4.5 days

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Variational Omni and 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 exchanges

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	29.168	−0.133%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.208	+0.003%	$981K	$2.9M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.200	−0.023%	$290K	$140K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.210	+0.011%	$281K	$125K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.188	−0.064%	$511K	$243K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.207	long leg	$97K	$75K	—
SunX HIMS-USDT	0.0000%	8h	29.190	−0.057%	—	$1.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.193	−0.047%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0011%	1h	29.190	−0.057%	$1.3M	$500K	10x	as long as short
Injective HIMS/USDC PERP	+0.0033%	1h	29.430	+0.765%	$13K	$22K	5.5x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.170	−0.126%	—	—	10x	as long as short
Nado HIMS-PERPshort	+0.0094%	1h	29.190	−0.056%	$2K	$2K	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.170	−0.126%	$132K	$296K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0291%	1h	29.195	−0.040%	$3.6M	$1.7M	10x	as long as short