Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0223%/8h= +24.5% APRpaid last 24h +0.019%

Price spread now: Nado against Variational Omni−0.059%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.059% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.270	0	get 0.0000% / 8h	4h 36m	$98K	$78K	—
Short	Nado HIMS-PERP	29.252	0.0223	get 0.0028% / 1h	36m 45s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.059%Rate

Funding earned: $46.91
Price spread: −0.059% → 0.000%: −$5.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $34.01
Costs to cover: 0.070%
Break-even: 1.9 days

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Variational Omni and 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
QFEX HIMS-USD	−0.0002%	1h	29.260	−0.033%	$1.3M	$565K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.269	−0.003%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.290	+0.070%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	−0.033%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.067%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.274	+0.015%	$506K	$200K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.270	long leg	$98K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.277	+0.025%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.275	+0.018%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.033%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	+0.001%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0171%	1h	29.269	−0.002%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.026%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERPshort	+0.0223%	1h	29.252	−0.059%	$2K	$2K	10x