Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h −0.016%

Price spread now: Bitget against ApeX Omni+0.124%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.124% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.129% in total) that is about 6.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HOODUSDT	120.67	0.0100	pay 0.0013% / 1h	35m 15s	$5K	$41K	50x
Short	Bitget HOODUSDT	120.82	−0.0222	pay 0.0222% / 8h	2h 35m	$5.4M	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$67.62
Price spread: +0.124% → 0.000%: $12.43
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.19
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Bitget: live order book, 3 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	2.90 bp	11.0 bp −$11	26.2 bp −$262	127.1 bp −$12.7K	doesn't fit

ApeX 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.

HOOD on 30 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
Injective HOOD/USDC PERP	−0.0440%	1h	120.35	−0.265%	$57K	$57K	30x	as long as short
Bitget HOODUSDTshort	−0.0222%	8h	120.82	+0.124%	$5.4M	$9.8M	20x
Gate HOOD_USDT	−0.0165%	8h	120.79	+0.099%	$581K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0042%	1h	120.59	−0.066%	$250K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.78	+0.093%	$105K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.76	+0.076%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.78	+0.091%	$20.6M	$91.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.77	+0.083%	$3.7M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.78	+0.091%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.71	+0.030%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	120.77	+0.083%	$853K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.78	+0.091%	$988K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0013%	1h	120.60	−0.058%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.76	+0.075%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.62	−0.041%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.74	+0.058%	$51.1M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.76	+0.074%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.58	−0.075%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	120.80	+0.108%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.76	+0.077%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.78	+0.091%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDTlong	+0.0100%	1h	120.67	long leg	$5K	$41K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.79	+0.099%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.76	+0.071%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	120.82	+0.122%	$421K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.80	+0.108%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.61	−0.050%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.48	−0.157%	$192K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0330%	1h	120.77	+0.083%	$6K	$55K	10x	as long as short
edgeX HOODUSDC	+0.0667%	4h	120.70	+0.026%	$363K	$304K	10x	as long as short