Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.086%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$728as in the Funding arb table

Net, price: spread back to 7d avg − costs−$733as in the Price arb table

costs, in and out, $10k−$7287.276% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.086%, 7d avg −0.028%

Together, before fees0.000%$0 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: Gate is 0.058% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.080	0	get 0.0000% / 8h	4m 38s	$289K	$137K	25x
Short	Gate HIMS_USDT	29.055	0	get 0.0000% / 8h	4m 38s	$503K	$205K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.028%: −$5.82
Slippage, 4 orders: −$701.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$733.45
Costs to cover: 7.276%
Break-even: never at this rate

Slippage from Bybit: live order book, 25 min ago; Gate: live order book, 31 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 Bybit live order book, 25 min ago	10.30 bp	148.9 bp −$149	259.6 bp −$2,596	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	8.42 bp	260.3 bp −$260	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	−0.0031%	1h	29.087	+0.025%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.068	−0.042%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.068	−0.040%	$964K	$2.7M	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.080	long leg	$289K	$137K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.070	−0.034%	$280K	$129K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.055	−0.086%	$503K	$205K	25x
Variational Omni HIMS	0.0000%	8h	29.066	−0.048%	$97K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.054	−0.089%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.133	+0.182%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.080	0.000%	$1.3M	$557K	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-PERP	+0.0046%	1h	29.100	+0.069%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.073	−0.024%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.070	−0.034%	$132K	$66K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.135%	$13K	$22K	5.5x	as long as short