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 Gate+0.086%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$614as in the Funding arb table

Net, price: spread back to 7d avg − costs−$610as in the Price arb table

costs, in and out, $10k−$6146.137% of the position

Long on Gate 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)+0.338%+$34 · spread now +0.086%, 7d avg +0.050%

Together, before fees+0.338%+$34 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 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	28.955	0	get 0.0000% / 8h	7h 36m	$501K	$203K	25x
Short	OKX HIMS-USDT-SWAP	28.980	0	get 0.0000% / 8h	7h 36m	$279K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.050%: $3.66
Slippage, 4 orders: −$588.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$610.06
Costs to cover: 6.137%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; OKX: live order book, 59 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 Gate live order book, 59 min ago	8.42 bp	259.0 bp −$259	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 59 min ago	8.59 bp	56.1 bp −$56	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	−0.0359%	1h	28.968	+0.044%	$2K	$2K	10x	as long as short
tradeXYZ xyz:HIMS	−0.0054%	1h	28.960	+0.017%	$3.3M	$1.6M	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	28.960	+0.017%	$1.3M	$558K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	28.946	−0.029%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	28.960	+0.018%	$964K	$2.8M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	28.970	+0.052%	$288K	$138K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	28.980	+0.086%	$279K	$128K	20x
Gate HIMS_USDTlong	0.0000%	8h	28.955	long leg	$501K	$203K	25x
Variational Omni HIMS	0.0000%	8h	29.010	+0.191%	$97K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	28.985	+0.104%	—	$2.3M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX HIMS-USDT	0.0000%	8h	29.006	+0.176%	$7K	$39K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	28.950	−0.017%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	28.960	+0.017%	$132K	$94K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.571%	$13K	$22K	5.5x	as long as short