Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against HTX−0.038%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.038% cheaper against HTX than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HIMS-USDT	29.276	0	get 0.0000% / 8h	4h 33m	$7K	$38K	10x
Short	tradeXYZ xyz:HIMS	29.265	0.0185	get 0.0023% / 1h	33m 51s	$3.3M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.038%Rate

Funding earned: $38.88
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $5.12
Costs to cover: 0.300%
Break-even: 6.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	5.29 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit

HTX: 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	29.260	−0.055%	$1.3M	$567K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.276	0.000%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.283	+0.022%	$964K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.270	−0.020%	$296K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.089%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.264	−0.041%	$506K	$200K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.290	+0.047%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.281	+0.017%	—	$2.4M	10x	as long as short
HTX HIMS-USDTlong	0.0000%	8h	29.276	long leg	$7K	$38K	10x
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.055%	—	—	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	−0.020%	$134K	$35K	20x	as long as short
tradeXYZ xyz:HIMSshort	+0.0185%	1h	29.265	−0.038%	$3.3M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.004%	$13K	$22K	5.5x	as long as short
Nado HIMS-PERP	+0.0250%	1h	29.252	−0.081%	$2K	$2K	10x	as long as short