Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%

Price spread now: QFEX against OKX+0.068%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2362.357% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.068%, 7d avg −0.054%

Together, before fees−0.150%−$15 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: QFEX is 0.122% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.220	0	get 0.0000% / 8h	6h 34m	$286K	$174K	20x
Short	QFEX HIMS-USD	29.240	0.0003	get 0.0000% / 1h	34m 05s	$1.3M	$621K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.57
Price spread: +0.068% → −0.054%: $12.22
Slippage, 4 orders: −$215.71
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$222.91
Costs to cover: 2.357%
Break-even: 2738.8 days

Slippage from OKX: live order book, 31 min ago; QFEX: live order book, 2 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, 31 min ago	8.54 bp	85.3 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	54.72 bp	59.7 bp −$60	70.7 bp −$707	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	−0.0128%	1h	29.266	+0.159%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.245	+0.084%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.250	+0.103%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	+0.137%	$297K	$118K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.220	long leg	$286K	$174K	20x
Gate HIMS_USDT	0.0000%	8h	29.234	+0.048%	$506K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.240	+0.070%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.235	+0.051%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.245	+0.086%	$7K	$38K	10x	as long as short
QFEX HIMS-USDshort	+0.0003%	1h	29.240	+0.068%	$1.3M	$621K	10x

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	29.240	+0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.245	+0.086%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.230	+0.034%	$134K	$32K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.129%	$13K	$22K	5.5x	as long as short