Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.014%7-day average −0.022% · you sell dearer than you buy

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

Long on QFEX Short on SunX

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 3 days (all we have)−0.032%−$3 · spread now +0.014%, 7d avg −0.022%

Together, before fees−0.034%−$3 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: SunX is 0.036% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HIMS-USD	29.280	0.0002	pay 0.0000% / 1h	13m 52s	$1.3M	$674K	10x
Short	SunX HIMS-USDT	29.284	0	get 0.0000% / 8h	13m 52s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$0.49
Price spread: +0.014% → −0.022%: $3.56
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; SunX: live order book, 3 min ago. 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, 2 min ago	54.63 bp	59.6 bp −$60	64.2 bp −$642	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.29 bp	doesn't fit	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
Aster HIMSUSDT	0.0000%	8h	29.263	−0.057%	$4K	$2K	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.034%	$299K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	−0.068%	$289K	$188K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.276	−0.014%	$506K	$207K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.291	+0.037%	$98K	$86K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.284	+0.014%	—	$2.6M	10x
HTX HIMS-USDT	0.0000%	8h	29.260	−0.068%	$7K	$37K	10x	as long as short
QFEX HIMS-USDlong	+0.0002%	1h	29.280	long leg	$1.3M	$674K	10x
Binance HIMSUSDT	+0.0022%	8h	29.289	+0.031%	$1.0M	$2.7M	20x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.240	−0.137%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:HIMS	+0.0050%	1h	29.270	−0.034%	$3.3M	$1.7M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.270	−0.034%	$136K	$22K	20x	as long as short
Nado HIMS-PERP	+0.0151%	1h	29.276	−0.015%	$2K	$2K	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.590	+1.059%	$13K	$22K	5.5x	as long as short