HIMS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin0.000%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$980as in the Funding arb table

Net, price: spread back to 7d avg − costs−$967as in the Price arb table

costs, in and out, $10k−$9639.628% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now 0.000%, 7d avg +0.041%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HIMSUSDTM	29.240	0.0100	pay 0.0100% / 8h	3h 39m	$134K	$36K	20x
Short	Bybit HIMSUSDT	29.240	0	get 0.0000% / 8h	3h 39m	$295K	$120K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.041%: −$4.1
Slippage, 4 orders: −$939.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$987.88
Costs to cover: 9.628%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; Bybit: live order book, 5 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 KuCoin live order book, 24 min ago	35.92 bp	495.6 bp −$496	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	8.55 bp	51.0 bp −$51	203.4 bp −$2,034	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	−0.0207%	1h	29.248	+0.029%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.230	−0.034%	$1.3M	$533K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.236	−0.014%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.243	+0.009%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.240	0.000%	$295K	$120K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	+0.068%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.214	−0.089%	$505K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.250	+0.034%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.238	−0.007%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.217	−0.079%	$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	29.240	0.000%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.236	−0.014%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.240	long leg	$134K	$36K	20x
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.094%	$13K	$22K	5.5x	as long as short