Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h 0.000%

Price spread now: Binance against tradeXYZ+0.017%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 2 days (all we have)+0.087%+$9 · spread now +0.017%, 7d avg +0.059%

Together, before fees+0.085%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.042% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.285	0.0050	pay 0.0006% / 1h	59m 03s	$3.3M	$1.6M	10x
Short	Binance HIMSUSDT	29.290	0	get 0.0000% / 8h	6h 59m	$980K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: −$10.5
Price spread: +0.017% → +0.059%: −$4.21
Slippage, 4 orders: −$30.35
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.05
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 6 min ago.

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 tradeXYZ live order book, 9 min ago	4.78 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	3.41 bp	13.6 bp −$14	46.9 bp −$469	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	−0.0089%	1h	29.307	+0.076%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.280	−0.016%	$4K	$2K	20x	as long as short
Binance HIMSUSDTshort	0.0000%	8h	29.290	+0.017%	$980K	$2.6M	20x
Bybit HIMSUSDT	0.0000%	8h	29.310	+0.085%	$298K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.120%	$288K	$181K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.263	−0.075%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.260	−0.085%	$98K	$86K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.291	+0.020%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.173	−0.382%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0002%	1h	29.290	+0.017%	$1.4M	$653K	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	29.300	+0.051%	—	—	10x	as long as short
tradeXYZ xyz:HIMSlong	+0.0050%	1h	29.285	long leg	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.085%	$135K	$25K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.580	+1.007%	$13K	$22K	5.5x	as long as short