Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest−0.054%56s7-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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.054% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HIMS-USD-PERP	29.130	0.0046	pay 0.0006% / 1h	54m 41s	—	—	10x
Short	Variational Omni HIMS	29.114	0	get 0.0000% / 8h	6h 54m	$97K	$75K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$9.59
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.97
Costs to cover: 0.020%
Break-even: never at this rate

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

Vest and 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	29.110	−0.070%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.094	−0.125%	$963K	$2.9M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.150	+0.069%	$290K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	−0.103%	$280K	$129K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.102	−0.096%	$509K	$219K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.114	−0.054%	$97K	$75K	—
SunX HIMS-USDT	0.0000%	8h	29.115	−0.051%	—	$2.1M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.091	−0.134%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0022%	1h	29.110	−0.069%	$1.3M	$551K	10x	as long as short
Injective HIMS/USDC PERP	+0.0033%	1h	29.410	+0.961%	$13K	$22K	5.5x	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	29.130	long leg	—	—	10x
tradeXYZ xyz:HIMS	+0.0050%	1h	29.110	−0.069%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−0.069%	$132K	$142K	20x	as long as short
Nado HIMS-PERP	+0.0107%	1h	29.119	−0.039%	$2K	$2K	10x	as long as short