Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h −0.003%

Price spread now: Nado against Bybit−0.036%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Nado

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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.200	0	get 0.0000% / 8h	5h 44m	$290K	$139K	25x
Short	Nado HIMS-PERP	29.190	0.0078	get 0.0010% / 1h	44m 31s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.036%Rate

Funding earned: $16.44
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.14
Costs to cover: 0.180%
Break-even: 9.2 days

Slippage unknown: Bybit: live order book, 62 min ago; Nado: 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 Bybit live order book, 62 min ago	5.15 bp	60.7 bp −$61	754.1 bp −$7,541	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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 exchanges

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	29.163	−0.125%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.186	−0.048%	$962K	$2.8M	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.200	long leg	$290K	$139K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.220	+0.068%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.176	−0.082%	$518K	$235K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.183	−0.060%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.189	−0.038%	—	$1.7M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.128	−0.247%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.180	−0.068%	$1.3M	$514K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.180	−0.068%	—	—	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERPshort	+0.0078%	1h	29.190	−0.036%	$2K	$2K	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.170	−0.103%	$132K	$208K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0109%	1h	29.198	−0.007%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.430	+0.788%	$13K	$22K	5.5x	as long as short