Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.026%

Price spread now: Bybit against ApeX Omni+0.057%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1241.244% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.057%, 7d avg +0.014%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.042% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.014%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.092% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HOODUSDT	123.51	0.0100	pay 0.0013% / 1h	5m 12s	$45K	$238K	50x
Short	Bybit HOODUSDT	123.58	0	get 0.0000% / 8h	2h 05m	$4.0M	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → +0.014%: $4.22
Slippage, 4 orders: −$103.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.21
Costs to cover: 1.244%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Bybit: live order book, 3 min ago.

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 live order book, 16 min ago	2.83 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.83 bp	14.0 bp −$14	35.3 bp −$353	1373.4 bp −$137.3K	doesn't fit

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
Polymarket Perps HOOD-USD	−0.0009%	1h	123.46	−0.040%	$263K	$320K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.61	+0.082%	$110K	$262K	20x	as long as short
Bybit HOODUSDTshort	0.0000%	8h	123.58	+0.057%	$4.0M	$8.7M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	123.61	+0.081%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.57	+0.049%	$554K	$7.9M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.64	+0.105%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.178%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0005%	8h	123.59	+0.065%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOOD	+0.0015%	8h	123.63	+0.097%	$2.4M	$1.0M	—	as long as short
Lighter HOOD	+0.0032%	1h	123.51	−0.002%	$3.0M	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0046%	1h	123.46	−0.040%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.58	+0.061%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.51	0.000%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.61	+0.081%	$1.3M	$4.1M	10x	as long as short
edgeX HOODUSDC	+0.0093%	4h	123.61	+0.083%	$372K	$306K	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0094%	8h	123.60	+0.077%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.46	−0.038%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.57	+0.049%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDTlong	+0.0100%	1h	123.51	long leg	$45K	$238K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.56	+0.040%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.57	+0.053%	$16K	—	10x	as long as short
Binance HOODUSDT	+0.0135%	8h	123.63	+0.099%	$23.8M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.62	+0.087%	$419K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.081%	$196K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0255%	8h	123.63	+0.097%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0262%	1h	123.55	+0.032%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.60	+0.073%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.61	+0.081%	$419K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.52	+0.008%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1046%	1h	123.66	+0.121%	$6K	$84K	10x	as long as short