Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.012%

Price spread now: KuCoin against Nado+0.006%51s7-day average — · you sell dearer than you buy

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

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.238	−0.0195	get 0.0024% / 1h	38m 40s	$2K	$2K	10x
Short	KuCoin HIMSUSDTM	29.240	0.0100	get 0.0100% / 8h	3h 38m	$134K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now +0.006%Rate

Funding earned: $61.97
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $43.57
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: Nado: no order-book sample; KuCoin: live order book, 25 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 Nado no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 25 min ago	35.92 bp	371.0 bp −$371	doesn't fit	doesn't fit	doesn't fit

Nado: 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
Nado HIMS-PERPlong	−0.0195%	1h	29.238	long leg	$2K	$2K	10x
QFEX HIMS-USD	−0.0008%	1h	29.230	−0.028%	$1.3M	$535K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.230	−0.029%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.240	+0.005%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	+0.006%	$295K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	+0.074%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.233	−0.018%	$505K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.250	+0.040%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.235	−0.011%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.217	−0.073%	$7K	$38K	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	+0.006%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.233	−0.018%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTMshort	+0.0100%	8h	29.240	+0.006%	$134K	$36K	20x
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.100%	$13K	$22K	5.5x	as long as short