Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h +0.014%

Price spread now: Nado against SunX+0.075%48s7-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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.075% dearer against SunX than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.206	0	get 0.0000% / 8h	2h 24m	—	$2.4M	10x
Short	Nado HIMS-PERP	29.228	−0.0100	pay 0.0013% / 1h	24m 29s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21.08
Price spread: +0.075% → 0.000%: $7.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$28.53
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Nado: 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, 2 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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-PERPshort	−0.0100%	1h	29.228	+0.075%	$2K	$2K	10x
QFEX HIMS-USD	−0.0004%	1h	29.220	+0.048%	$1.3M	$523K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.216	+0.035%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.233	+0.093%	$966K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.250	+0.151%	$295K	$129K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.200	−0.021%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.221	+0.051%	$509K	$202K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.235	+0.100%	$97K	$78K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.206	long leg	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.090	−0.397%	$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	29.220	+0.048%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.210	+0.014%	$135K	$37K	20x	as long as short
tradeXYZ xyz:HIMS	+0.0187%	1h	29.235	+0.099%	$3.4M	$1.7M	10x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.212%	$13K	$22K	5.5x	as long as short