Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.019%

Price spread now: SunX against Nado−0.059%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 SunX

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.059% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.318	0.0091	pay 0.0011% / 1h	10m 13s	$2K	$2K	10x
Short	SunX HIMS-USDT	29.301	0	get 0.0000% / 8h	4h 10m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$19.07
Price spread: −0.059% → 0.000%: −$5.87
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$39.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	500.14 bp	doesn't fit	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	29.310	−0.028%	$1.3M	$559K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.301	−0.057%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.303	−0.053%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.310	−0.028%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.300	−0.062%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.284	−0.117%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.300	−0.064%	$98K	$78K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.301	−0.059%	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.104	−0.731%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.300	−0.062%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMS	+0.0050%	1h	29.305	−0.045%	$3.3M	$1.6M	10x	as long as short
Nado HIMS-PERPlong	+0.0091%	1h	29.318	long leg	$2K	$2K	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.300	−0.062%	$135K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+0.893%	$13K	$22K	5.5x	as long as short