Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against Variational Omni−0.010%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 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 · tradeXYZ: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.150	0	get 0.0000% / 8h	57m 14s	$97K	$78K	—
Short	tradeXYZ xyz:HIMS	29.147	0.0050	get 0.0006% / 1h	57m 14s	$3.4M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.010%Rate

Funding earned: $10.5
Price spread: −0.010% → 0.000%: −$0.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$8.49
Costs to cover: 0.180%
Break-even: 12.7 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 11 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 Variational Omni no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 11 min ago	2.92 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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-PERP	−0.0030%	1h	29.158	+0.028%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.141	−0.029%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.151	+0.002%	$963K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.150	0.000%	$291K	$137K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	0.000%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.144	−0.020%	$506K	$202K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.150	long leg	$97K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.134	−0.055%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.103	−0.161%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.140	−0.034%	$1.3M	$547K	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	29.130	−0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.147	−0.010%	$3.4M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−0.137%	$135K	$55K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.450	+1.030%	$13K	$22K	5.5x	as long as short