Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: QFEX against SunX−0.027%7-day average +0.021% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.027%, 7d avg +0.021%

Together, before fees+0.060%+$6 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: QFEX is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.288	0	get 0.0000% / 8h	6h 58m	—	$2.5M	10x
Short	QFEX HIMS-USD	29.280	0.0002	get 0.0000% / 1h	58m 18s	$1.4M	$653K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0.42
Price spread: −0.027% → +0.021%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.43
Costs to cover: 0.180%
Break-even: 380.9 days

Slippage unknown: SunX: live order book, 8 min ago; QFEX: live order book, 8 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, 8 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	27.32 bp	33.2 bp −$33	45.1 bp −$451	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	−0.0373%	1h	29.307	+0.066%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.279	−0.030%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.270	−0.061%	$979K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.300	+0.041%	$298K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.270	−0.061%	$287K	$183K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.261	−0.092%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.260	−0.095%	$98K	$86K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.288	long leg	—	$2.5M	10x
HTX HIMS-USDT	0.0000%	8h	29.277	−0.038%	$7K	$37K	10x	as long as short
QFEX HIMS-USDshort	+0.0002%	1h	29.280	−0.027%	$1.4M	$653K	10x

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	29.300	+0.041%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.285	−0.010%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.061%	$135K	$25K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+0.997%	$13K	$22K	5.5x	as long as short