Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.011%

Price spread now: Gate against tradeXYZ−0.058%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1891.892% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.058%, 7d avg +0.031%

Together, before fees+0.017%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.089% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.194	0.0118	pay 0.0015% / 1h	42m 56s	$3.4M	$1.6M	10x
Short	Gate HIMS_USDT	29.177	0	get 0.0000% / 8h	5h 42m	$518K	$235K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: −$24.82
Price spread: −0.058% → +0.031%: −$8.91
Slippage, 4 orders: −$156.25
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$222.98
Costs to cover: 1.892%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 1 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, 8 min ago	3.26 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	17.98 bp	75.8 bp −$76	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
Aster HIMSUSDT	0.0000%	8h	29.160	−0.117%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.184	−0.033%	$962K	$2.8M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.190	−0.014%	$290K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.240	+0.158%	$281K	$130K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.177	−0.058%	$518K	$235K	25x
Variational Omni HIMS	0.0000%	8h	29.183	−0.039%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.192	−0.007%	—	$1.7M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.163	−0.106%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.180	−0.048%	$1.3M	$514K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.180	−0.048%	—	—	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0070%	1h	29.190	−0.014%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.170	−0.082%	$133K	$209K	20x	as long as short
tradeXYZ xyz:HIMSlong	+0.0118%	1h	29.194	long leg	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.430	+0.808%	$13K	$22K	5.5x	as long as short