Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h +0.024%

Price spread now: Nado against SunX+0.068%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Nado

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.068% dearer against SunX than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.246	0	get 0.0000% / 8h	6h 36m	—	$2.5M	10x
Short	Nado HIMS-PERP	29.266	−0.0111	pay 0.0014% / 1h	36m 39s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.068%Rate

Funding earned: −$23.35
Price spread: +0.068% → 0.000%: $6.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.55
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Nado: 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 SunX live order book, 10 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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-PERPshort	−0.0111%	1h	29.266	+0.068%	$2K	$2K	10x
Aster HIMSUSDT	0.0000%	8h	29.244	−0.005%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.247	+0.004%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	+0.048%	$297K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.220	−0.089%	$286K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.244	−0.007%	$506K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.240	−0.019%	$98K	$78K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.246	long leg	—	$2.5M	10x
HTX HIMS-USDT	0.0000%	8h	29.104	−0.486%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0003%	1h	29.240	−0.021%	$1.3M	$630K	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	29.240	−0.021%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.245	−0.003%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.220	−0.089%	$133K	$31K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.039%	$13K	$22K	5.5x	as long as short