Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.034%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2832.825% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.034%, 7d avg −0.020%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.250	0	get 0.0000% / 8h	5h 02m	$281K	$126K	20x
Short	Bybit HIMSUSDT	29.260	0	get 0.0000% / 8h	5h 02m	$291K	$140K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.020%: $5.39
Slippage, 4 orders: −$261.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$277.13
Costs to cover: 2.825%
Break-even: never at this rate

Slippage from OKX: live order book, 41 min ago; Bybit: live order book, 35 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 OKX live order book, 41 min ago	10.27 bp	79.0 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 35 min ago	6.85 bp	90.8 bp −$91	214.5 bp −$2,145	doesn't fit	doesn't fit

HIMS on 14 exchanges

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	29.198	−0.179%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.243	−0.024%	$977K	$2.9M	20x	as long as short
Bybit HIMSUSDTshort	0.0000%	8h	29.260	+0.034%	$291K	$140K	25x
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.250	long leg	$281K	$126K	20x
Gate HIMS_USDT	0.0000%	8h	29.229	−0.072%	$514K	$242K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.237	−0.044%	$97K	$75K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.253	+0.010%	—	$1.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.286	+0.123%	$6K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.240	−0.034%	$1.3M	$517K	10x	as long as short
Nado HIMS-PERP	+0.0028%	1h	29.245	−0.018%	$2K	$2K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.250	0.000%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.220	−0.103%	$132K	$247K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0178%	1h	29.248	−0.007%	$3.6M	$1.7M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.430	+0.615%	$13K	$22K	5.5x	as long as short