Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Variational Omni−0.071%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.291	0	get 0.0000% / 8h	15m 15s	$98K	$86K	—
Short	tradeXYZ xyz:HIMS	29.270	0.0050	get 0.0006% / 1h	15m 15s	$3.3M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: $10.5
Price spread: −0.071% → 0.000%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.59
Costs to cover: 0.180%
Break-even: 16.7 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.02 bp	13.0 bp −$13	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	29.261	−0.101%	$4K	$2K	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	−0.071%	$298K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	−0.105%	$289K	$188K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.271	−0.067%	$505K	$207K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.291	long leg	$98K	$86K	—
SunX HIMS-USDT	0.0000%	8h	29.288	−0.009%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.260	−0.105%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.270	−0.071%	$1.3M	$674K	10x	as long as short
Binance HIMSUSDT	+0.0021%	8h	29.290	−0.003%	$1.0M	$2.7M	20x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.240	−0.173%	—	—	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:HIMSshort	+0.0050%	1h	29.270	−0.071%	$3.3M	$1.7M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.071%	$136K	$22K	20x	as long as short
Nado HIMS-PERP	+0.0151%	1h	29.276	−0.052%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.590	+1.022%	$13K	$22K	5.5x	as long as short