Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni−0.046%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.250	0	get 0.0000% / 8h	6h 41m	$98K	$78K	—
Short	Gate HIMS_USDT	29.237	0	get 0.0000% / 8h	6h 41m	$506K	$204K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.6
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 24 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Gate live order book, 24 min ago	10.76 bp	260.7 bp −$261	doesn't fit	doesn't fit	doesn't fit

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	−0.0078%	1h	29.257	+0.023%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.245	−0.020%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.243	−0.025%	$968K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.260	+0.033%	$297K	$118K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.240	−0.036%	$287K	$183K	20x	as long as short
Gate HIMS_USDTshort	0.0000%	8h	29.237	−0.046%	$506K	$204K	25x
Variational Omni HIMSlong	0.0000%	8h	29.250	long leg	$98K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.238	−0.043%	—	$2.5M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.207	−0.149%	$7K	$37K	10x	as long as short
QFEX HIMS-USD	+0.0003%	1h	29.240	−0.036%	$1.3M	$637K	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	−0.036%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.245	−0.019%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.240	−0.036%	$133K	$30K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.570	+1.092%	$13K	$22K	5.5x	as long as short