Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against OKX+0.103%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1731.731% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 2 days (all we have)−0.056%−$6 · spread now +0.103%, 7d avg −0.034%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.136% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.250	0	get 0.0000% / 8h	5h 51m	$287K	$172K	20x
Short	Binance HIMSUSDT	29.280	0	get 0.0000% / 8h	5h 51m	$967K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.034%: $13.62
Slippage, 4 orders: −$153.12
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$159.51
Costs to cover: 1.731%
Break-even: never at this rate

Slippage from OKX: live order book, 9 min ago; Binance: live order book, 14 min ago.

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 OKX live order book, 9 min ago	8.54 bp	84.7 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.71 bp	13.3 bp −$13	48.1 bp −$481	doesn't fit	doesn't fit

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-PERP	−0.0313%	1h	29.298	+0.163%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.270	+0.068%	$1.3M	$587K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.278	+0.094%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.280	+0.103%	$967K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.137%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.250	long leg	$287K	$172K	20x
Gate HIMS_USDT	0.0000%	8h	29.260	+0.034%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.270	+0.069%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.261	+0.038%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.304	+0.185%	$6K	$38K	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	29.280	+0.103%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.279	+0.099%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.034%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.060%	$13K	$22K	5.5x	as long as short