Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against SunX+0.021%7-day average −0.020% · you sell dearer than you buy

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.021%, 7d avg −0.020%

Together, before fees−0.052%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.041% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread 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	29.084	0	get 0.0000% / 8h	1h 24m	—	$2.4M	10x
Short	tradeXYZ xyz:HIMS	29.090	0.0181	get 0.0023% / 1h	24m 08s	$3.4M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.021%Rate

Funding earned: $38
Price spread: +0.021% → −0.020%: $4.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $16.1
Costs to cover: 0.260%
Break-even: 4.0 days

Slippage unknown: SunX: live order book, 3 min ago; tradeXYZ: 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, 3 min ago	500.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.58 bp	17.6 bp −$18	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	29.079	−0.017%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.097	+0.046%	$962K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.090	+0.021%	$290K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.100	+0.055%	$281K	$130K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.069	−0.052%	$504K	$204K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.090	+0.020%	$97K	$78K	—	as long as short
SunX HIMS-USDTlong	0.0000%	8h	29.084	long leg	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.051	−0.113%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0004%	1h	29.080	−0.014%	$1.3M	$520K	10x	as long as short
Vest HIMS-USD-PERP	+0.0046%	1h	29.050	−0.117%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	+0.0080%	1h	29.097	+0.045%	$2K	$2K	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.090	+0.021%	$135K	$45K	20x	as long as short
tradeXYZ xyz:HIMSshort	+0.0181%	1h	29.090	+0.021%	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.470	+1.327%	$13K	$22K	5.5x	as long as short