Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: Pacifica against ApeX Omni−0.056%51s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1361.356% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.056%, 7d avg −0.005%

Together, before fees+0.100%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.051% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HOODUSDT	123.26	0.0100	pay 0.0013% / 1h	18m 37s	$5K	$132K	50x
Short	Pacifica HOOD	123.19	0.0100	get 0.0013% / 1h	18m 37s	$80K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.005%: −$5.1
Slippage, 4 orders: −$117.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$140.72
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Pacifica: live order book, 64 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, 63 min ago	2.83 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 64 min ago	10.47 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	−0.0089%	1h	123.14	−0.097%	$263K	$322K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.29	+0.022%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.24	−0.016%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.29	+0.024%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.25	−0.008%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.28	+0.016%	$557K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.26	0.000%	$5.7M	$9.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.33	+0.061%	$2.4M	$1.0M	—	as long as short
Phemex HOODUSDT	0.0000%	8h	123.27	+0.008%	$1.0M	$8K	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0009%	8h	123.29	+0.024%	$868K	$2.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter HOOD	+0.0032%	1h	123.21	−0.044%	$2.9M	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.13	−0.105%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.25	−0.008%	$740	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.10	−0.130%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.25	−0.008%	$1.3M	$4.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.203%	$190K	$1.8M	10x	as long as short
Binance HOODUSDT	+0.0085%	8h	123.28	+0.013%	$23.7M	$83.9M	20x	as long as short
Extended HOOD_24_5-USD	+0.0088%	1h	123.25	−0.006%	$417K	$1.2M	10x	as long as short
Pacifica HOODshort	+0.0100%	1h	123.19	−0.056%	$80K	$103K	10x
KuCoin HOODUSDTM	+0.0100%	8h	123.31	+0.041%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDTlong	+0.0100%	1h	123.26	long leg	$5K	$132K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.27	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.24	−0.014%	$16K	—	10x	as long as short
edgeX HOODUSDC	+0.0140%	4h	123.33	+0.059%	$371K	$307K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0143%	1h	123.23	−0.024%	$53.0M	$29.5M	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.18	−0.065%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0208%	8h	123.30	+0.032%	$187K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.34	+0.065%	$63K	$50K	30x	as long as short
Phoenix HOOD	+0.0388%	1h	123.31	+0.041%	$28K	$188K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0399%	1h	123.27	+0.008%	$6K	$80K	10x	as long as short