Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h 0.000%

Price spread now: HTX against QFEX−0.396%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.396% cheaper against QFEX than usual: you would sell low and buy high (spread −0.396% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 4 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.270	−0.0010	get 0.0001% / 1h	50m 19s	$1.3M	$587K	10x
Short	HTX HIMS-USDT	29.154	0	get 0.0000% / 8h	5h 50m	$6K	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.396%Rate

Funding earned: $2.07
Price spread: −0.396% → 0.000%: −$39.63
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$59.56
Costs to cover: 0.220%
Break-even: 208.8 days

Slippage unknown: QFEX: live order book, 1 min ago; HTX: 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 QFEX live order book, 1 min ago	54.66 bp	61.6 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Nado HIMS-PERP	−0.0314%	1h	29.298	+0.095%	$2K	$2K	10x	as long as short
QFEX HIMS-USDlong	−0.0010%	1h	29.270	long leg	$1.3M	$587K	10x
Aster HIMSUSDT	0.0000%	8h	29.276	+0.019%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.280	+0.034%	$967K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.068%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.068%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.264	−0.020%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.269	−0.002%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.265	−0.017%	—	$2.4M	10x	as long as short
HTX HIMS-USDTshort	0.0000%	8h	29.154	−0.396%	$6K	$38K	10x

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	29.280	+0.034%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.279	+0.031%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.034%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+0.991%	$13K	$22K	5.5x	as long as short