Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.113%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2932.928% of the position

Long on OKX Short on Gate

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)−0.221%−$22 · spread now +0.113%, 7d avg −0.051%

Together, before fees−0.221%−$22 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: Gate is 0.164% dearer against OKX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HIMS-USDT-SWAP	29.200	0	get 0.0000% / 8h	2h 03m	$287K	$159K	20x
Short	Gate HIMS_USDT	29.233	0	get 0.0000% / 8h	2h 03m	$509K	$204K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → −0.051%: $16.36
Slippage, 4 orders: −$267.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$276.45
Costs to cover: 2.928%
Break-even: never at this rate

Slippage from OKX: live order book, 42 min ago; Gate: live order book, 43 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, 42 min ago	6.83 bp	77.4 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 43 min ago	16.24 bp	77.1 bp −$77	doesn't fit	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	−0.0040%	1h	29.228	+0.097%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0004%	1h	29.230	+0.103%	$1.3M	$510K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.225	+0.086%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.250	+0.171%	$968K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	+0.137%	$295K	$129K	25x	as long as short
OKX HIMS-USDT-SWAPlong	0.0000%	8h	29.200	long leg	$287K	$159K	20x
Gate HIMS_USDTshort	0.0000%	8h	29.233	+0.113%	$509K	$204K	25x
Variational Omni HIMS	0.0000%	8h	29.240	+0.137%	$97K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.231	+0.106%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.237	+0.127%	$7K	$39K	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	29.220	+0.068%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.220	+0.068%	$137K	$38K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0131%	1h	29.237	+0.127%	$3.4M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.530	+1.130%	$13K	$22K	5.5x	as long as short