Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0233%/8h= +25.6% APRpaid last 24h +0.017%

Price spread now: Nado against Binance−0.129%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.129% cheaper against Binance than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 44 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	Binance HIMSUSDT	29.290	0	get 0.0000% / 8h	4h 36m	$966K	$2.6M	20x
Short	Nado HIMS-PERP	29.252	0.0233	get 0.0029% / 1h	36m 35s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.129%Rate

Funding earned: $49.03
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $19.16
Costs to cover: 0.170%
Break-even: 4.3 days

Slippage unknown: Binance: live order book, 14 min ago; 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 Binance live order book, 14 min ago	1.71 bp	14.7 bp −$15	39.5 bp −$395	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	29.280	−0.034%	$1.3M	$565K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.270	−0.067%	$4K	$2K	20x	as long as short
Binance HIMSUSDTlong	0.0000%	8h	29.290	long leg	$966K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.260	−0.102%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.137%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.274	−0.055%	$506K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.270	−0.070%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.277	−0.044%	—	$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-PERP	+0.0046%	1h	29.260	−0.102%	—	—	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	−0.068%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0171%	1h	29.269	−0.072%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+0.956%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERPshort	+0.0233%	1h	29.252	−0.129%	$2K	$2K	10x