Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.002%

Price spread now: Binance against QFEX−0.076%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$980.975% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.076%, 7d avg +0.028%

Together, before fees+0.083%+$8 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: Binance is 0.104% cheaper against QFEX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.100	−0.0008	get 0.0001% / 1h	17m 24s	$1.3M	$557K	10x
Short	Binance HIMSUSDT	29.078	0	get 0.0000% / 8h	7h 17m	$958K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now −0.076%Rate

Funding earned: $1.75
Price spread: −0.076% → +0.028%: −$10.43
Slippage, 4 orders: −$77.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.23
Costs to cover: 0.975%
Break-even: 432.6 days

Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 3 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 QFEX live order book, 4 min ago	27.60 bp	37.4 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.72 bp	15.9 bp −$16	50.9 bp −$509	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	−0.0139%	1h	29.097	−0.009%	$2K	$2K	10x	as long as short
QFEX HIMS-USDlong	−0.0008%	1h	29.100	long leg	$1.3M	$557K	10x
Aster HIMSUSDT	0.0000%	8h	29.077	−0.081%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.078	−0.076%	$958K	$2.9M	20x
Bybit HIMSUSDT	0.0000%	8h	29.110	+0.034%	$289K	$139K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.080	−0.069%	$280K	$128K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.067	−0.113%	$503K	$217K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	28.981	−0.410%	$96K	$76K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.050	−0.172%	—	$2.1M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.083	−0.058%	$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	29.070	−0.103%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.085	−0.052%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.070	−0.103%	$132K	$117K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.065%	$13K	$22K	5.5x	as long as short