Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.001%

Price spread now: SunX against QFEX−0.117%7-day average −0.015% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.117%, 7d avg −0.015%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.101% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.150	0.0022	pay 0.0003% / 1h	6m 40s	$1.3M	$513K	10x
Short	SunX HIMS-USDT	29.116	0	get 0.0000% / 8h	6h 06m	—	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$4.59
Price spread: −0.117% → −0.015%: −$10.13
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 3 min ago. 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, 3 min ago	27.46 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HIMS on 14 exchanges

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	−0.0258%	1h	29.154	+0.014%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.100	−0.172%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.161	+0.036%	$959K	$2.8M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.160	+0.034%	$290K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	0.000%	$280K	$129K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.145	−0.017%	$509K	$222K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.118	−0.108%	$97K	$75K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.116	−0.117%	—	$1.8M	10x
HTX HIMS-USDT	0.0000%	8h	29.085	−0.223%	$6K	$39K	10x	as long as short
QFEX HIMS-USDlong	+0.0022%	1h	29.150	long leg	$1.3M	$513K	10x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective HIMS/USDC PERP	+0.0033%	1h	29.430	+0.961%	$13K	$22K	5.5x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−0.103%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.140	−0.034%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−0.137%	$132K	$182K	20x	as long as short