Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h 0.000%

Price spread now: QFEX against SunX−0.068%7-day average +0.020% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.068%, 7d avg +0.020%

Together, before fees+0.073%+$7 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: QFEX is 0.088% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HIMS-USDT	29.240	0	get 0.0000% / 8h	3h 17m	—	$2.4M	10x
Short	QFEX HIMS-USD	29.220	−0.0008	pay 0.0001% / 1h	17m 41s	$1.3M	$525K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$1.71
Price spread: −0.068% → +0.020%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; QFEX: live order book, 4 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, 9 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	3.42 bp	8.8 bp −$9	16.8 bp −$168	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	−0.0152%	1h	29.238	−0.007%	$2K	$2K	10x	as long as short
QFEX HIMS-USDshort	−0.0008%	1h	29.220	−0.068%	$1.3M	$525K	10x
Aster HIMSUSDT	0.0000%	8h	29.215	−0.087%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.230	−0.034%	$965K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	0.000%	$294K	$124K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	+0.034%	$287K	$174K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.214	−0.089%	$505K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.220	−0.069%	$97K	$78K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.240	long leg	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.314	+0.253%	$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	−0.068%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.242	+0.007%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.200	−0.137%	$134K	$37K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.550	+1.060%	$13K	$22K	5.5x	as long as short