Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.034%7-day average −0.016% · 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−$955as in the Price arb table

costs, in and out, $10k−$9609.603% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.034%, 7d avg −0.016%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.050% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.260	−0.0002	get 0.0000% / 1h	34m 36s	$1.3M	$567K	10x
Short	KuCoin HIMSUSDTM	29.270	0.0100	get 0.0100% / 8h	4h 34m	$134K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $21.4
Price spread: +0.034% → −0.016%: $5
Slippage, 4 orders: −$938.27
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$933.87
Costs to cover: 9.603%
Break-even: 312.4 days

Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 39 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 QFEX live order book, 2 min ago	27.31 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 39 min ago	13.68 bp	392.8 bp −$393	doesn't fit	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
QFEX HIMS-USDlong	−0.0002%	1h	29.260	long leg	$1.3M	$567K	10x
Aster HIMSUSDT	0.0000%	8h	29.273	+0.044%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.290	+0.103%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	+0.034%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.034%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.271	+0.038%	$506K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.290	+0.102%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.275	+0.051%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.275	+0.051%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	0.000%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HIMSUSDTMshort	+0.0100%	8h	29.270	+0.034%	$134K	$35K	20x
tradeXYZ xyz:HIMS	+0.0187%	1h	29.282	+0.075%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.059%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERP	+0.0243%	1h	29.252	−0.026%	$2K	$2K	10x	as long as short