Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.048%7-day average +0.069% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.048%, 7d avg +0.069%

Together, before fees+0.039%+$4 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: OKX is 0.021% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.246	0	get 0.0000% / 8h	3h 42m	—	$2.4M	10x
Short	OKX HIMS-USDT-SWAP	29.260	0	get 0.0000% / 8h	3h 42m	$287K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.069%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; OKX: live order book, 8 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 SunX live order book, 4 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 8 min ago	11.96 bp	30.4 bp −$30	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
Nado HIMS-PERP	−0.0235%	1h	29.258	+0.041%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.240	−0.021%	$1.3M	$537K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.246	−0.001%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.254	+0.028%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.250	+0.014%	$295K	$120K	25x	as long as short
OKX HIMS-USDT-SWAPshort	0.0000%	8h	29.260	+0.048%	$287K	$173K	20x
Gate HIMS_USDT	0.0000%	8h	29.239	−0.024%	$505K	$199K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.250	+0.014%	$98K	$78K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.246	long leg	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.312	+0.226%	$7K	$38K	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	29.250	+0.014%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.240	−0.021%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	+0.048%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.074%	$13K	$22K	5.5x	as long as short