Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against Bybit+0.034%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1121.124% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.034%, 7d avg −0.028%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HIMSUSDT	29.140	0	get 0.0000% / 8h	1h 17m	$291K	$137K	25x
Short	Binance HIMSUSDT	29.150	0	get 0.0000% / 8h	1h 17m	$963K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.028%: $6.21
Slippage, 4 orders: −$91.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.17
Costs to cover: 1.124%
Break-even: never at this rate

Slippage from Bybit: live order book, 16 min ago; Binance: live order book, 2 min ago.

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 Bybit live order book, 16 min ago	8.58 bp	37.1 bp −$37	201.2 bp −$2,012	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.72 bp	15.4 bp −$15	50.5 bp −$505	doesn't fit	doesn't fit

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
Aster HIMSUSDT	0.0000%	8h	29.140	0.000%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.150	+0.034%	$963K	$2.7M	20x
Bybit HIMSUSDTlong	0.0000%	8h	29.140	long leg	$291K	$137K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	−0.137%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.139	−0.003%	$506K	$205K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.140	0.000%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.114	−0.089%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.115	−0.086%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.130	−0.034%	$1.3M	$528K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−0.069%	—	—	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	29.140	0.000%	$136K	$48K	20x	as long as short
Nado HIMS-PERP	+0.0101%	1h	29.134	−0.020%	$2K	$2K	10x	as long as short
tradeXYZ xyz:HIMS	+0.0208%	1h	29.137	−0.010%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.470	+1.132%	$13K	$22K	5.5x	as long as short