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 0.000%

Price spread now: Bybit against OKX+0.068%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3373.369% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.068%, 7d avg −0.028%

Together, before fees−0.104%−$10 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: Bybit is 0.096% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.260	0	get 0.0000% / 8h	5h 01m	$287K	$172K	20x
Short	Bybit HIMSUSDT	29.280	0	get 0.0000% / 8h	5h 01m	$297K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.028%: $9.6
Slippage, 4 orders: −$315.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$327.34
Costs to cover: 3.369%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Bybit: live order book, 53 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, 59 min ago	8.54 bp	84.7 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 53 min ago	3.41 bp	103.2 bp −$103	215.7 bp −$2,157	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	−0.0188%	1h	29.255	−0.016%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.250	−0.034%	$1.3M	$568K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.282	+0.077%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.270	+0.034%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.280	+0.068%	$297K	$119K	25x
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.260	long leg	$287K	$172K	20x
Gate HIMS_USDT	0.0000%	8h	29.238	−0.075%	$506K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.229	−0.105%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.251	−0.031%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.323	+0.215%	$7K	$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	29.260	0.000%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.254	−0.021%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	0.000%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+0.991%	$13K	$22K	5.5x	as long as short