Hims & Hers (HIMS)

Perp: HIMS on HL · Hedge: HIMS (Stock)

Funding (ann.)

+5.5%

Basis

+0.24%

Open interest

$1,794,981

Status

delayed

Research note: funding below research threshold

Funding rate — annualized, 6049 settlement snapshots

Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00

Basis — (perp mark − hedge) / hedge

Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00

Open interest — historical liquidity

Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00

Persistence

1% of snapshots over the trailing 168h met the research condition: FR >= 100% APR, 7-day window.

Opened	Direction	Status	Net P&L	All-in P&L	Close reason
2026-06-26 02:32 UTC	short_hl_long_ib	closed	+$10.36	—	emergency FR=-136%
2026-05-26 14:19 UTC	short_hl_long_ib	closed	-$14.13	—	emergency FR=-125%
2026-05-22 22:14 UTC	short_hl_long_ib	closed	-$4.21	—	direction flip (FR went negative)
2026-05-22 10:14 UTC	short_hl_long_ib	closed	-$15.26	—	FR decayed to 5.5%

The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.