Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against Variational Omni−0.024%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 tradeXYZ

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 airdropVariational Omni: Active · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.024% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HIMS	29.245	0	get 0.0000% / 8h	2h 08m	$97K	$78K	—
Short	tradeXYZ xyz:HIMS	29.238	0.0142	get 0.0018% / 1h	8m 20s	$3.4M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.024%Rate

Funding earned: $29.85
Price spread: −0.024% → 0.000%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $9.5
Costs to cover: 0.180%
Break-even: 4.8 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	2.39 bp	14.2 bp −$14	32.9 bp −$329	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	−0.0053%	1h	29.228	−0.056%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0004%	1h	29.230	−0.051%	$1.3M	$514K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.218	−0.094%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.245	0.000%	$968K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.240	−0.017%	$295K	$129K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.200	−0.153%	$287K	$165K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.224	−0.071%	$509K	$204K	25x	as long as short
Variational Omni HIMSlong	0.0000%	8h	29.245	long leg	$97K	$78K	—
SunX HIMS-USDT	0.0000%	8h	29.226	−0.065%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.133	−0.383%	$7K	$39K	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	29.220	−0.085%	—	—	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.190	−0.188%	$137K	$38K	20x	as long as short
tradeXYZ xyz:HIMSshort	+0.0142%	1h	29.238	−0.024%	$3.4M	$1.6M	10x
Injective HIMS/USDC PERP	+0.0220%	1h	29.530	+0.975%	$13K	$22K	5.5x	as long as short