Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: QFEX against Gate+0.082%7-day average +0.001% · 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−$169as in the Price arb table

costs, in and out, $10k−$1781.776% of the position

Long on Gate 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 4 days (all we have)−0.090%−$9 · spread now +0.082%, 7d avg +0.001%

Together, before fees−0.089%−$9 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: QFEX is 0.081% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.196	0	get 0.0000% / 8h	2h 26m	$507K	$200K	25x
Short	QFEX HIMS-USD	29.220	−0.0004	pay 0.0000% / 1h	26m 45s	$1.3M	$529K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$0.77
Price spread: +0.082% → +0.001%: $8.14
Slippage, 4 orders: −$152.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$170.23
Costs to cover: 1.776%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; QFEX: live order book, 10 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, 19 min ago	16.24 bp	77.8 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	5.13 bp	11.7 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	−0.0103%	1h	29.228	+0.110%	$2K	$2K	10x	as long as short
QFEX HIMS-USDshort	−0.0004%	1h	29.220	+0.082%	$1.3M	$529K	10x
Aster HIMSUSDT	0.0000%	8h	29.209	+0.043%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.229	+0.112%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	+0.151%	$295K	$128K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.210	+0.048%	$286K	$174K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.196	long leg	$507K	$200K	25x
Variational Omni HIMS	0.0000%	8h	29.240	+0.152%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.217	+0.072%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.336	+0.480%	$7K	$39K	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	29.220	+0.082%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.220	+0.082%	$134K	$37K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0194%	1h	29.237	+0.140%	$3.4M	$1.7M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.247%	$13K	$22K	5.5x	as long as short