Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against SunX+1.052%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.052% dearer against SunX than usual: you sell high and buy low: +$105 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.282	0	get 0.0000% / 8h	7h 52m	—	$2.6M	10x
Short	Injective HIMS/USDC PERP	29.590	0.0220	get 0.0028% / 1h	52m 35s	$13K	$22K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +1.052%Rate

Funding earned: $46.2
Price spread: +1.052% → 0.000%: $105.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $143.36
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Injective: 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 SunX live order book, 4 min ago	500.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster HIMSUSDT	0.0000%	8h	29.283	+0.002%	$4K	$2K	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.300	+0.061%	$298K	$117K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.300	+0.061%	$289K	$183K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.286	+0.014%	$506K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.296	+0.048%	$98K	$86K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.282	long leg	—	$2.6M	10x
HTX HIMS-USDT	0.0000%	8h	29.365	+0.283%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.310	+0.096%	$1.4M	$733K	10x	as long as short
Binance HIMSUSDT	+0.0006%	8h	29.294	+0.042%	$990K	$2.6M	20x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.310	+0.096%	—	—	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	29.288	+0.020%	$3.3M	$1.7M	10x	as long as short
Nado HIMS-PERP	+0.0072%	1h	29.276	−0.020%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.290	+0.027%	$136K	$22K	20x	as long as short
Injective HIMS/USDC PERPshort	+0.0220%	1h	29.590	+1.052%	$13K	$22K	5.5x