Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0223%/8hnext payment +$0.28 per $10,000 · paid last 24h +0.066%

Price spread now: Injective against QFEX+0.719%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 Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.719% dearer against QFEX than usual: you sell high and buy low: +$72 more if the spread 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	29.190	−0.0003	get 0.0000% / 1h	23m 22s	$1.3M	$587K	10x
Short	Injective HIMS/USDC PERP	29.400	0.0220	get 0.0028% / 1h	23m 22s	$13K	$22K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.719%Rate

Funding earned: $46.87
Price spread: +0.719% → 0.000%: $71.94
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $108.79
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 7 min ago; Injective: 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, 7 min ago	54.87 bp	59.9 bp −$60	68.0 bp −$680	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0109%	1h	29.207	+0.058%	$2K	$3K	10x	as long as short
QFEX HIMS-USDlong	−0.0003%	1h	29.190	long leg	$1.3M	$587K	10x
Aster HIMSUSDT	0.0000%	8h	29.198	+0.027%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.220	+0.103%	$1.0M	$2.4M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.220	+0.103%	$298K	$111K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.210	+0.069%	$288K	$181K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.188	−0.007%	$504K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.205	+0.050%	$97K	$87K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.205	+0.051%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.035	−0.531%	$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	29.210	+0.069%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.215	+0.086%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.190	0.000%	$134K	$21K	20x	as long as short
Injective HIMS/USDC PERPshort	+0.0220%	1h	29.400	+0.719%	$13K	$22K	5.5x