Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Aster against QFEX+0.089%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.089% dearer against QFEX than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.250	−0.0004	get 0.0000% / 1h	46m 19s	$1.3M	$528K	10x
Short	Aster HIMSUSDT	29.276	0	get 0.0000% / 8h	2h 46m	$4K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0.77
Price spread: +0.089% → 0.000%: $8.92
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.3
Costs to cover: 0.180%
Break-even: 82.2 days

Slippage unknown: QFEX: live order book, 5 min ago; Aster: 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 QFEX live order book, 5 min ago	29.03 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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-PERP	−0.0113%	1h	29.278	+0.095%	$2K	$2K	10x	as long as short
QFEX HIMS-USDlong	−0.0004%	1h	29.250	long leg	$1.3M	$528K	10x
Aster HIMSUSDTshort	0.0000%	8h	29.276	+0.089%	$4K	$2K	20x
Binance HIMSUSDT	0.0000%	8h	29.271	+0.073%	$969K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.137%	$295K	$128K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.230	−0.068%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.264	+0.048%	$506K	$198K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.275	+0.085%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.265	+0.051%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.277	+0.092%	$7K	$39K	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	29.250	0.000%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.034%	$134K	$37K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.520	+0.923%	$13K	$22K	5.5x	as long as short
tradeXYZ xyz:HIMS	+0.0225%	1h	29.284	+0.116%	$3.4M	$1.6M	10x	as long as short