Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Gate against Vest+0.048%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Gate

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.048% dearer against Vest than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HIMS-USD-PERP	29.240	0.0046	pay 0.0006% / 1h	34m 18s	—	—	10x
Short	Gate HIMS_USDT	29.254	0	get 0.0000% / 8h	2h 34m	$505K	$200K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$9.59
Price spread: +0.048% → 0.000%: $4.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 12 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 12 min ago	16.24 bp	77.1 bp −$77	doesn't fit	doesn't fit	doesn't fit

Vest: 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	−0.0113%	1h	29.248	+0.027%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0004%	1h	29.250	+0.034%	$1.3M	$527K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.238	−0.005%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.250	+0.034%	$967K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	0.000%	$295K	$128K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.270	+0.103%	$287K	$174K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.254	+0.048%	$505K	$200K	25x
Variational Omni HIMS	0.0000%	8h	29.265	+0.087%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.285	+0.154%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.357	+0.400%	$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-PERPlong	+0.0046%	1h	29.240	long leg	—	—	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.240	0.000%	$134K	$37K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0211%	1h	29.251	+0.038%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.094%	$13K	$22K	5.5x	as long as short