Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Aster against Vest−0.088%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Aster

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 airdropVest: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.088% cheaper against Vest than usual: you would sell low and buy high (−$9 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	Vest HIMS-USD-PERP	29.120	0.0046	pay 0.0006% / 1h	38m 28s	—	—	10x
Short	Aster HIMSUSDT	29.094	0	get 0.0000% / 8h	38m 28s	$4K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$9.59
Price spread: −0.088% → 0.000%: −$8.77
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: 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 Vest no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Vest and Aster: 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	−0.0001%	1h	29.118	−0.008%	$2K	$2K	10x	as long as short
Aster HIMSUSDTshort	0.0000%	8h	29.094	−0.088%	$4K	$2K	20x
Binance HIMSUSDT	0.0000%	8h	29.120	0.000%	$962K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.120	0.000%	$290K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.140	+0.069%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.110	−0.034%	$504K	$203K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.114	−0.019%	$97K	$77K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.096	−0.082%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.058	−0.213%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.120	0.000%	$1.3M	$553K	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-PERPlong	+0.0046%	1h	29.120	long leg	—	—	10x
tradeXYZ xyz:HIMS	+0.0050%	1h	29.116	−0.014%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−0.034%	$135K	$55K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.450	+1.133%	$13K	$22K	5.5x	as long as short