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 0.000%

Price spread now: Bybit against Gate−0.014%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1701.699% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.014%, 7d avg +0.027%

Together, before fees+0.102%+$10 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: Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.144	0	get 0.0000% / 8h	1h 01m	$506K	$206K	25x
Short	Bybit HIMSUSDT	29.140	0	get 0.0000% / 8h	1h 01m	$291K	$137K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.027%: −$4.12
Slippage, 4 orders: −$143.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$174.04
Costs to cover: 1.699%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; Bybit: live order book, 33 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 Gate live order book, 39 min ago	17.85 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 33 min ago	8.58 bp	46.3 bp −$46	210.5 bp −$2,105	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	29.137	−0.024%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.153	+0.033%	$963K	$2.7M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.140	−0.014%	$291K	$137K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.150	+0.021%	$281K	$130K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.144	long leg	$506K	$206K	25x
Variational Omni HIMS	0.0000%	8h	29.150	+0.021%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.139	−0.017%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	28.980	−0.563%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.140	−0.014%	$1.3M	$545K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.120	−0.082%	—	—	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	29.090	−0.185%	$135K	$54K	20x	as long as short
Nado HIMS-PERP	+0.0124%	1h	29.138	−0.020%	$2K	$2K	10x	as long as short
tradeXYZ xyz:HIMS	+0.0177%	1h	29.138	−0.021%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.390	+0.844%	$13K	$22K	5.5x	as long as short