Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.009%

Price spread now: Bybit against tradeXYZ0.000%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1201.199% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now 0.000%, 7d avg +0.061%

Together, before fees+0.080%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.061% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.090	0.0181	pay 0.0023% / 1h	24m 10s	$3.4M	$1.6M	10x
Short	Bybit HIMSUSDT	29.090	0	get 0.0000% / 8h	1h 24m	$290K	$136K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$38
Price spread: 0.000% → +0.061%: −$6.07
Slippage, 4 orders: −$90.94
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$164.01
Costs to cover: 1.199%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Bybit: live order book, 10 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 tradeXYZ live order book, 4 min ago	2.58 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	8.58 bp	46.3 bp −$46	210.5 bp −$2,105	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
Aster HIMSUSDT	0.0000%	8h	29.079	−0.038%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.097	+0.025%	$962K	$2.7M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.090	0.000%	$290K	$136K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	+0.034%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.069	−0.072%	$504K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.090	0.000%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.084	−0.021%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.051	−0.134%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.080	−0.034%	$1.3M	$520K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.050	−0.138%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0080%	1h	29.097	+0.024%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.090	0.000%	$135K	$45K	20x	as long as short
tradeXYZ xyz:HIMSlong	+0.0181%	1h	29.090	long leg	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.470	+1.306%	$13K	$22K	5.5x	as long as short