Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0233%/8h= −25.6% APRpaid last 24h −0.019%

Price spread now: Gate against Nado+0.040%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Gate

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. Gate is 0.040% dearer against Nado than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.252	0.0233	pay 0.0029% / 1h	36m 01s	$2K	$2K	10x
Short	Gate HIMS_USDT	29.264	0	get 0.0000% / 8h	4h 36m	$506K	$200K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$49.03
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.03
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Gate: live order book, 20 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 Nado no order-book sample	—	—	—	—	—
Sell Gate live order book, 20 min ago	9.75 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit

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
QFEX HIMS-USD	−0.0002%	1h	29.280	+0.095%	$1.3M	$565K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.270	+0.061%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.290	+0.129%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	+0.026%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.008%	$287K	$173K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.264	+0.040%	$506K	$200K	25x
Variational Omni HIMS	0.0000%	8h	29.290	+0.128%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.284	+0.108%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.275	+0.078%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	+0.026%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	+0.060%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0179%	1h	29.272	+0.067%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.086%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERPlong	+0.0233%	1h	29.252	long leg	$2K	$2K	10x