Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Nado+0.063%7-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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.063% dearer against Nado than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HIMS-PERP	29.176	0.0156	pay 0.0020% / 1h	42m 25s	$2K	$2K	10x
Short	Variational Omni HIMS	29.195	0	get 0.0000% / 8h	1h 42m	$97K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.063%Rate

Funding earned: −$32.78
Price spread: +0.063% → 0.000%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.45
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Nado and Variational Omni: 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	29.168	−0.027%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.185	+0.028%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.180	+0.012%	$294K	$130K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.170	−0.022%	$286K	$123K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.176	−0.001%	$506K	$201K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.195	+0.063%	$97K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.185	+0.029%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.192	+0.053%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.170	−0.022%	$1.3M	$509K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.170	−0.022%	—	—	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	29.170	−0.022%	$135K	$38K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0151%	1h	29.189	+0.043%	$3.4M	$1.6M	10x	as long as short
Nado HIMS-PERPlong	+0.0156%	1h	29.176	long leg	$2K	$2K	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.530	+1.212%	$13K	$22K	5.5x	as long as short