Question 1

Which exchange has the highest HIMS funding rate right now?

Accepted Answer

Crypto.com shows the highest HIMS funding at +47.95% annualized. A high positive rate means shorts get paid, so this is the venue to short HIMS when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long HIMS for funding?

Accepted Answer

NADO has the lowest HIMS funding at -15.77% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best HIMS funding-arbitrage pair?

Accepted Answer

The widest spread is long NADO / short Crypto.com at about 63.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does HIMS funding settle?

Accepted Answer

HIMS funding settles on different schedules by venue (1h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is HIMS funding positive or negative?

Accepted Answer

HIMS funding is mixed across venues, ranging -15.77% to +47.95% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current HIMS perpetual swap funding rate?

Accepted Answer

The current HIMS perpetual swap funding rate ranges from -15.77% to +47.95% annualized depending on the exchange — NADO is lowest and Crypto.com is highest right now. There is no single HIMS funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated HIMS funding rate across exchanges?

Accepted Answer

Aggregated across the 19 venues ORBIT tracks, HIMS funding currently spans -15.77% to +47.95% APR, a spread of 63.7 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the HIMS 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle HIMS every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Crypto.comBest Short	+47.95%	1h	$5K	$30.07
TxFlow	+10.96%	1h	$1K	$30.05
trade[XYZ]	+8.45%	1h	$1.4M	$30.115
BloFin	+1.78%	8h	$59K	$30.08
Hotcoin	+0.61%	8h	$215K	$30.09
Bybit	+0.00%	8h	$289K	$30.09
OKX	+0.00%	8h	$293K	$30.1
Gate.io	+0.00%	8h	$242K	$30.101
HTX	+0.00%	8h	$5K	$30.018
KuCoin	+0.00%	8h	$135K	$30.09
MEXC	+0.00%	8h	$228K	$30.08
Aster	+0.00%	8h	$2K	$30.0811
Variational	+0.00%	8h	$166K	$30.0582
Toobit	+0.00%	8h	$193K	$30.05
LBank	+0.00%	8h	—	$30.08
QFEX	+0.00%	1h	$655K	$30.05
Bitunix	-0.16%	8h	—	$30.08
WEEX	-8.58%	8h	—	$30.07
NADOBest Long	-15.77%	1h	$2K	$30.0792

HIMS Perpetual Swap Funding Rate by Exchange

How HIMS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

HIMS funding rates explained

Frequently asked questions