Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: QFEX against Variational Omni−0.104%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.104% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.310	0	get 0.0000% / 8h	7h 37m	$98K	$86K	—
Short	QFEX HIMS-USD	29.280	0.0002	get 0.0000% / 1h	37m 04s	$1.4M	$729K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0.42
Price spread: −0.104% → 0.000%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.97
Costs to cover: 0.100%
Break-even: 339.9 days

Slippage unknown: Variational Omni: no order-book sample; QFEX: live order book, 4 min ago. 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 QFEX live order book, 4 min ago	3.41 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit

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
Aster HIMSUSDT	0.0000%	8h	29.289	−0.073%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.300	−0.035%	$990K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	−0.070%	$298K	$117K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.320	+0.033%	$289K	$183K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.291	−0.066%	$507K	$204K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.310	long leg	$98K	$86K	—
SunX HIMS-USDT	0.0000%	8h	29.311	+0.002%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.058	−0.861%	$6K	$38K	10x	as long as short
QFEX HIMS-USDshort	+0.0002%	1h	29.280	−0.104%	$1.4M	$729K	10x
Vest HIMS-USD-PERP	+0.0046%	1h	29.280	−0.104%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMS	+0.0050%	1h	29.294	−0.056%	$3.3M	$1.6M	10x	as long as short
Nado HIMS-PERP	+0.0051%	1h	29.304	−0.024%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.290	−0.070%	$136K	$22K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.610	+1.022%	$13K	$22K	5.5x	as long as short