Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Gate against QFEX+0.058%7-day average +0.002% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2692.694% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.058%, 7d avg +0.002%

Together, before fees−0.091%−$9 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 0.056% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.270	−0.0004	get 0.0000% / 1h	30m 15s	$1.3M	$603K	10x
Short	Gate HIMS_USDT	29.287	0	get 0.0000% / 8h	3h 30m	$506K	$210K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: $0.81
Price spread: +0.058% → +0.002%: $5.62
Slippage, 4 orders: −$244.44
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$263.02
Costs to cover: 2.694%
Break-even: 2290.2 days

Slippage from QFEX: live order book, 2 min ago; Gate: live order book, 16 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, 2 min ago	3.41 bp	13.1 bp −$13	21.6 bp −$216	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	17.58 bp	215.1 bp −$215	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
QFEX HIMS-USDlong	−0.0004%	1h	29.270	long leg	$1.3M	$603K	10x
Aster HIMSUSDT	0.0000%	8h	29.269	−0.003%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.300	+0.102%	$1.0M	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.310	+0.137%	$299K	$115K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.330	+0.205%	$290K	$186K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.287	+0.058%	$506K	$210K	25x
Variational Omni HIMS	0.0000%	8h	29.300	+0.101%	$98K	$87K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.293	+0.079%	—	$2.6M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.209	−0.208%	$7K	$39K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.260	−0.034%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0079%	1h	29.282	+0.042%	$2K	$3K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	0.000%	$135K	$21K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0109%	1h	29.302	+0.109%	$3.3M	$1.6M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.610	+1.162%	$13K	$22K	5.5x	as long as short