Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest−0.034%7-day average — · you buy dearer than you sell

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

Long on Vest Short on OKX

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 airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.034% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HIMS-USD-PERP	29.260	0.0046	pay 0.0006% / 1h	34m 55s	—	—	10x
Short	OKX HIMS-USDT-SWAP	29.250	0	get 0.0000% / 8h	4h 34m	$287K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Vest. 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 VestbpFee OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$9.59
Price spread: −0.034% → 0.000%: −$3.42
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.01
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 20 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 Vest no order-book sample	—	—	—	—	—
Sell OKX live order book, 20 min ago	5.12 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit

Vest: 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	29.280	+0.068%	$1.3M	$566K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.273	+0.045%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.290	+0.103%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	+0.034%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.250	−0.034%	$287K	$173K	20x
Gate HIMS_USDT	0.0000%	8h	29.264	+0.014%	$506K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.290	+0.102%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.275	+0.051%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.275	+0.051%	$7K	$38K	10x	as long as short
Vest HIMS-USD-PERPlong	+0.0046%	1h	29.260	long leg	—	—	10x

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	+0.034%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0186%	1h	29.282	+0.075%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.059%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERP	+0.0243%	1h	29.252	−0.026%	$2K	$2K	10x	as long as short