Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.043%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1571.572% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 2 days (all we have)−0.070%−$7 · spread now +0.043%, 7d avg +0.002%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HIMSUSDT	29.297	0	get 0.0000% / 8h	3h 30m	$1.0M	$2.6M	20x
Short	Bybit HIMSUSDT	29.310	0	get 0.0000% / 8h	3h 30m	$299K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.002%: $4.06
Slippage, 4 orders: −$136.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$153.16
Costs to cover: 1.572%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 13 min ago.

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 Binance live order book, 11 min ago	3.41 bp	15.9 bp −$16	48.2 bp −$482	doesn't fit	doesn't fit
Sell Bybit live order book, 13 min ago	5.11 bp	79.4 bp −$79	208.9 bp −$2,089	doesn't fit	doesn't fit

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
QFEX HIMS-USD	−0.0004%	1h	29.270	−0.094%	$1.3M	$603K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.263	−0.117%	$4K	$2K	20x	as long as short
Binance HIMSUSDTlong	0.0000%	8h	29.297	long leg	$1.0M	$2.6M	20x
Bybit HIMSUSDTshort	0.0000%	8h	29.310	+0.043%	$299K	$115K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.330	+0.111%	$290K	$186K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.275	−0.077%	$506K	$210K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.300	+0.007%	$98K	$87K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.293	−0.015%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.296	−0.005%	$7K	$39K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.128%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0079%	1h	29.282	−0.052%	$2K	$3K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.094%	$135K	$21K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0109%	1h	29.302	+0.015%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.610	+1.067%	$13K	$22K	5.5x	as long as short