Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Aster−0.044%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HIMSUSDT	29.053	0	get 0.0000% / 8h	7h 19m	$4K	$2K	20x
Short	tradeXYZ xyz:HIMS	29.040	0.0050	get 0.0006% / 1h	19m 54s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.044%Rate

Funding earned: $10.5
Price spread: −0.044% → 0.000%: −$4.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.91
Costs to cover: 0.260%
Break-even: 20.3 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 8 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 8 min ago	3.98 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.0131%	1h	28.967	−0.296%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	28.990	−0.216%	$1.3M	$557K	10x	as long as short
Aster HIMSUSDTlong	0.0000%	8h	29.053	long leg	$4K	$2K	20x
Binance HIMSUSDT	0.0000%	8h	29.059	+0.022%	$957K	$2.9M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.060	+0.025%	$289K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.050	−0.010%	$279K	$128K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	28.994	−0.202%	$501K	$215K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	28.981	−0.248%	$96K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	28.964	−0.306%	—	$2.2M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	28.941	−0.385%	$7K	$39K	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	28.930	−0.423%	—	—	10x	as long as short
tradeXYZ xyz:HIMSshort	+0.0050%	1h	29.040	−0.044%	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.050	−0.010%	$132K	$114K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.229%	$13K	$22K	5.5x	as long as short