Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Nado−0.019%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.087	−0.0015	get 0.0002% / 1h	9m 03s	$2K	$2K	10x
Short	Variational Omni HIMS	29.081	0	get 0.0000% / 8h	9m 03s	$97K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.019%Rate

Funding earned: $3.18
Price spread: −0.019% → 0.000%: −$1.93
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.75
Costs to cover: 0.070%
Break-even: 19.7 days

Slippage unknown: Nado: no order-book sample; Variational Omni: 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 Nado no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Nado and Variational Omni: 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
Nado HIMS-PERPlong	−0.0015%	1h	29.087	long leg	$2K	$2K	10x
Aster HIMSUSDT	0.0000%	8h	29.079	−0.028%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.083	−0.014%	$961K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.100	+0.045%	$290K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.070	−0.058%	$280K	$129K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.063	−0.082%	$503K	$205K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.081	−0.019%	$97K	$76K	—
SunX HIMS-USDT	0.0000%	8h	29.110	+0.079%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.063	−0.082%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.090	+0.010%	$1.3M	$554K	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	29.100	+0.045%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.094	+0.024%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.080	−0.024%	$132K	$62K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.111%	$13K	$22K	5.5x	as long as short