Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.064%

Price spread now: Binance against Injective−1.120%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 1.120% cheaper against Injective than usual: you would sell low and buy high (−$112 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HIMS/USDC PERP	29.470	0.0220	pay 0.0028% / 1h	22m 41s	$13K	$22K	5.5x
Short	Binance HIMSUSDT	29.140	0	get 0.0000% / 8h	1h 22m	$964K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −1.120%Rate

Funding earned: −$46.2
Price spread: −1.120% → 0.000%: −$111.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$168.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 12 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.71 bp	18.4 bp −$18	58.5 bp −$585	doesn't fit	doesn't fit

Injective: 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
Aster HIMSUSDT	0.0000%	8h	29.105	−1.238%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.140	−1.120%	$964K	$2.7M	20x
Bybit HIMSUSDT	0.0000%	8h	29.130	−1.154%	$291K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	−1.256%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.123	−1.177%	$505K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.090	−1.290%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.112	−1.215%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.051	−1.422%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.130	−1.154%	$1.3M	$525K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.080	−1.323%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0079%	1h	29.097	−1.266%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.110	−1.222%	$136K	$46K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0197%	1h	29.112	−1.215%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERPlong	+0.0220%	1h	29.470	long leg	$13K	$22K	5.5x