Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.014%7-day average +0.040% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.014%, 7d avg +0.040%

Together, before fees+0.003%$0 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: Bybit is 0.026% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.286	0	get 0.0000% / 8h	7h 01m	—	$2.5M	10x
Short	Bybit HIMSUSDT	29.290	0	get 0.0000% / 8h	7h 01m	$299K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.040%: −$2.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Bybit: live order book, 63 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 SunX live order book, 6 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 63 min ago	10.24 bp	42.1 bp −$42	205.5 bp −$2,055	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	−0.0077%	1h	29.307	+0.072%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.285	−0.005%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.260	−0.088%	$979K	$2.6M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.290	+0.014%	$299K	$118K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.270	−0.055%	$288K	$181K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.264	−0.075%	$506K	$206K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.260	−0.088%	$98K	$86K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.286	long leg	—	$2.5M	10x
HTX HIMS-USDT	0.0000%	8h	29.349	+0.215%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.270	−0.055%	$1.4M	$652K	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	29.280	−0.020%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.281	−0.017%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.055%	$135K	$24K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+1.004%	$13K	$22K	5.5x	as long as short