HIMS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin+0.137%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$990as in the Funding arb table

Net, price: spread back to 7d avg − costs−$963as in the Price arb table

costs, in and out, $10k−$9739.727% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.137%, 7d avg +0.041%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.096% dearer against KuCoin than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.041%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HIMSUSDTM	29.220	0.0100	pay 0.0100% / 8h	6h 35m	$133K	$31K	20x
Short	Bybit HIMSUSDT	29.260	0	get 0.0000% / 8h	6h 35m	$297K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$21
Price spread: +0.137% → +0.041%: $9.6
Slippage, 4 orders: −$949.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$984.06
Costs to cover: 9.727%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Bybit: live order book, 23 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 KuCoin live order book, 68 min ago	32.46 bp	386.7 bp −$387	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	10.25 bp	125.8 bp −$126	223.4 bp −$2,234	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
Nado HIMS-PERP	−0.0115%	1h	29.266	+0.158%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.243	+0.077%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.245	+0.086%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.260	+0.137%	$297K	$118K	25x
OKX HIMS-USDT-SWAP	0.0000%	8h	29.220	0.000%	$286K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.234	+0.048%	$506K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.240	+0.070%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.246	+0.089%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.298	+0.267%	$7K	$38K	10x	as long as short
QFEX HIMS-USD	+0.0003%	1h	29.240	+0.068%	$1.3M	$630K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.240	+0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.245	+0.086%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTMlong	+0.0100%	8h	29.220	long leg	$133K	$31K	20x
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.129%	$13K	$22K	5.5x	as long as short