Funding arb · Price arb /

HIMS

RWAall HIMS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.051%7-day average — · you buy dearer than you sell

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

Long on Vest Short on SunX

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 airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.051% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HIMS-USD-PERP	29.280	0.0046	pay 0.0006% / 1h	49m 19s	—	—	10x
Short	SunX HIMS-USDT	29.265	0	get 0.0000% / 8h	5h 49m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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 VestbpFee SunXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$9.59
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 7 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 Vest no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Vest: 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	−0.0306%	1h	29.288	+0.027%	$2K	$2K	10x	as long as short
QFEX HIMS-USD	−0.0010%	1h	29.270	−0.034%	$1.3M	$587K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.267	−0.043%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.266	−0.049%	$967K	$2.6M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.290	+0.034%	$297K	$119K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.250	−0.102%	$287K	$172K	20x	as long as short
Gate HIMS_USDT	0.0000%	8h	29.264	−0.055%	$506K	$201K	25x	as long as short
Variational Omni HIMS	0.0000%	8h	29.269	−0.037%	$98K	$78K	—	as long as short
SunX HIMS-USDTshort	0.0000%	8h	29.265	−0.051%	—	$2.4M	10x
HTX HIMS-USDT	0.0000%	8h	29.154	−0.430%	$6K	$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-PERPlong	+0.0046%	1h	29.280	long leg	—	—	10x
tradeXYZ xyz:HIMS	+0.0050%	1h	29.277	−0.010%	$3.3M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.260	−0.068%	$134K	$35K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.560	+0.956%	$13K	$22K	5.5x	as long as short