Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against HTX+0.360%7-day average — · you sell dearer than you buy

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.360% dearer against HTX than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HIMS-USDT	29.184	0	get 0.0000% / 8h	6h 14m	$7K	$38K	10x
Short	tradeXYZ xyz:HIMS	29.289	0.0050	get 0.0006% / 1h	14m 41s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now +0.360%Rate

Funding earned: $10.5
Price spread: +0.360% → 0.000%: $35.98
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $16.48
Costs to cover: 0.300%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 3 min ago	5.63 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit

HTX: 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 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	−0.0207%	1h	29.307	+0.422%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.287	+0.352%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.289	+0.360%	$968K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.363%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.290	+0.363%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.274	+0.308%	$506K	$205K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.280	+0.328%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.281	+0.332%	—	$2.5M	10x	as long as short
HTX HIMS-USDTlong	0.0000%	8h	29.184	long leg	$7K	$38K	10x
QFEX HIMS-USD	+0.0003%	1h	29.280	+0.329%	$1.3M	$594K	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	29.300	+0.397%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.289	+0.360%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.260%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.323%	$13K	$22K	5.5x	as long as short