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: Variational Omni against tradeXYZ+0.058%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HIMS	29.233	0.0050	pay 0.0006% / 1h	38m 36s	$3.3M	$1.6M	10x
Short	Variational Omni HIMS	29.250	0	get 0.0000% / 8h	3h 38m	$98K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.058%Rate

Funding earned: −$10.5
Price spread: +0.058% → 0.000%: $5.77
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Variational Omni: no order-book sample. 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 tradeXYZ live order book, 9 min ago	3.42 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0195%	1h	29.238	+0.018%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0008%	1h	29.230	−0.010%	$1.3M	$535K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.230	−0.011%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.240	+0.023%	$963K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	+0.024%	$295K	$120K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.260	+0.092%	$287K	$173K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.233	0.000%	$505K	$199K	25x	as long as short
Variational Omni HIMSshort	0.0000%	8h	29.250	+0.058%	$98K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.235	+0.007%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.217	−0.055%	$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	+0.024%	—	—	10x	as long as short
tradeXYZ xyz:HIMSlong	+0.0050%	1h	29.233	long leg	$3.3M	$1.6M	10x
KuCoin HIMSUSDTM	+0.0100%	8h	29.240	+0.024%	$134K	$36K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+1.119%	$13K	$22K	5.5x	as long as short