Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Gate against tradeXYZ+0.003%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2882.880% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.003%, 7d avg +0.035%

Together, before fees−0.039%+ Points / potential airdroptradeXYZ: Active · farm board−$4 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 Gate is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.232	0.0050	pay 0.0006% / 1h	38m 31s	$3.3M	$1.6M	10x
Short	Gate HIMS_USDT	29.233	0	get 0.0000% / 8h	3h 38m	$505K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.003%Rate

Funding earned: −$10.5
Price spread: +0.003% → +0.035%: −$3.14
Slippage, 4 orders: −$254.96
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$301.6
Costs to cover: 2.880%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 12 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, 10 min ago	3.42 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	12.66 bp	53.1 bp −$53	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	−0.0189%	1h	29.238	+0.021%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.230	−0.007%	$1.3M	$535K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.231	−0.004%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.239	+0.025%	$962K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	+0.027%	$295K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	+0.096%	$287K	$173K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.233	+0.003%	$505K	$199K	25x
Variational Omni HIMS	0.0000%	8h	29.250	+0.061%	$98K	$78K	—	as long as short
SunX HIMS-USDT	0.0000%	8h	29.235	+0.010%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.217	−0.051%	$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	29.240	+0.027%	—	—	10x	as long as short
tradeXYZ xyz:HIMSlong	+0.0050%	1h	29.232	long leg	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.240	+0.027%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.122%	$13K	$22K	5.5x	as long as short