Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.103%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2242.244% of the position

Long on Bybit Short on OKX

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)−0.032%−$3 · spread now +0.103%, 7d avg +0.019%

Together, before fees−0.032%−$3 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: OKX is 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.120	0	get 0.0000% / 8h	6h 08m	$290K	$139K	25x
Short	OKX HIMS-USDT-SWAP	29.150	0	get 0.0000% / 8h	6h 08m	$280K	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.019%: $8.38
Slippage, 4 orders: −$203.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$216.03
Costs to cover: 2.244%
Break-even: never at this rate

Slippage from Bybit: live order book, 37 min ago; OKX: live order book, 39 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, 37 min ago	5.15 bp	60.7 bp −$61	754.1 bp −$7,541	doesn't fit	doesn't fit
Sell OKX live order book, 39 min ago	10.31 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit

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
Nado HIMS-PERP	−0.0259%	1h	29.145	+0.084%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.088	−0.110%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.130	+0.034%	$958K	$2.8M	20x	as long as short
Bybit HIMSUSDTlong	0.0000%	8h	29.120	long leg	$290K	$139K	25x
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.150	+0.103%	$280K	$129K	20x
Gate HIMS_USDT	0.0000%	8h	29.110	−0.034%	$509K	$222K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.118	−0.005%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.119	−0.003%	—	$1.8M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.208	+0.302%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0022%	1h	29.120	0.000%	$1.3M	$517K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective HIMS/USDC PERP	+0.0033%	1h	29.430	+1.065%	$13K	$22K	5.5x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	0.000%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.132	+0.041%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.100	−0.069%	$132K	$180K	20x	as long as short