Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.033%

Price spread now: KuCoin against Nado−0.068%7-day average — · you buy dearer than you sell

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

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. KuCoin is 0.068% cheaper against Nado than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.190	0.0070	pay 0.0009% / 1h	42m 56s	$2K	$2K	10x
Short	KuCoin HIMSUSDTM	29.170	0.0100	get 0.0100% / 8h	5h 42m	$133K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $6.33
Price spread: −0.068% → 0.000%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.45
Costs to cover: 0.190%
Break-even: 28.5 days

Slippage unknown: Nado: no order-book sample; KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago	13.77 bp	395.5 bp −$395	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 exchanges

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	29.160	−0.103%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.184	−0.018%	$962K	$2.8M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.190	+0.001%	$290K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.240	+0.172%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.177	−0.044%	$518K	$235K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.183	−0.025%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.192	+0.008%	—	$1.7M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.163	−0.092%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.180	−0.033%	$1.3M	$514K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.180	−0.033%	—	—	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERPlong	+0.0070%	1h	29.190	long leg	$2K	$2K	10x
KuCoin HIMSUSDTMshort	+0.0100%	8h	29.170	−0.068%	$133K	$209K	20x
tradeXYZ xyz:HIMS	+0.0118%	1h	29.194	+0.014%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.430	+0.823%	$13K	$22K	5.5x	as long as short