Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.002%

Price spread now: QFEX against Binance+0.034%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.034%, 7d avg −0.026%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HIMSUSDT	29.080	0	get 0.0000% / 8h	9m 53s	$961K	$2.7M	20x
Short	QFEX HIMS-USD	29.090	0.0013	get 0.0002% / 1h	9m 53s	$1.3M	$553K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $2.76
Price spread: +0.034% → −0.026%: $6.01
Slippage, 4 orders: −$39.18
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$50.41
Costs to cover: 0.592%
Break-even: 135.1 days

Slippage from Binance: live order book, 10 min ago; QFEX: live order book, 1 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, 10 min ago	3.43 bp	16.2 bp −$16	52.8 bp −$528	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	5.16 bp	11.9 bp −$12	doesn't fit	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
Nado HIMS-PERP	−0.0013%	1h	29.067	−0.045%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.072	−0.028%	$4K	$2K	20x	as long as short
Binance HIMSUSDTlong	0.0000%	8h	29.080	long leg	$961K	$2.7M	20x
Bybit HIMSUSDT	0.0000%	8h	29.090	+0.034%	$290K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.080	0.000%	$280K	$129K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.070	−0.034%	$503K	$205K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.081	+0.005%	$97K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.112	+0.110%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.063	−0.058%	$7K	$39K	10x	as long as short
QFEX HIMS-USDshort	+0.0013%	1h	29.090	+0.034%	$1.3M	$553K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.100	+0.069%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.085	+0.017%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.080	0.000%	$132K	$61K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.135%	$13K	$22K	5.5x	as long as short