Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.019%

Price spread now: Nado against KuCoin+0.024%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Nado is 0.024% dearer against KuCoin than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HIMSUSDTM	29.090	0.0100	pay 0.0100% / 8h	1h 23m	$135K	$45K	20x
Short	Nado HIMS-PERP	29.097	0.0079	get 0.0010% / 1h	23m 06s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.024%Rate

Funding earned: −$4.42
Price spread: +0.024% → 0.000%: $2.4
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$21.02
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 17 min ago; Nado: no order-book sample. 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 KuCoin live order book, 17 min ago	12.00 bp	446.0 bp −$446	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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
Aster HIMSUSDT	0.0000%	8h	29.082	−0.026%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.123	+0.112%	$963K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.100	+0.034%	$290K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	+0.034%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.089	−0.003%	$505K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.090	0.000%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.112	+0.076%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.051	−0.134%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.120	+0.103%	$1.3M	$520K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.080	−0.034%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERPshort	+0.0079%	1h	29.097	+0.024%	$2K	$2K	10x
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.090	long leg	$135K	$45K	20x
tradeXYZ xyz:HIMS	+0.0192%	1h	29.105	+0.052%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.470	+1.306%	$13K	$22K	5.5x	as long as short