Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.114%7-day average +0.036% · you sell dearer than you buy

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

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.114%, 7d avg +0.036%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.078% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.036%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HOODUSDT	123.30	0.0100	pay 0.0013% / 1h	45m 02s	$15K	$245K	50x
Short	Phemex HOODUSDT	123.44	0	get 0.0000% / 8h	1h 45m	$1.0M	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$21
Price spread: +0.114% → +0.036%: $7.78
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$35.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 37 min ago; Phemex: 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 live order book, 37 min ago	2.83 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	4.05 bp	doesn't fit	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
Aster HOODUSDT	0.0000%	8h	123.44	+0.112%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.39	+0.073%	$4.0M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.44	+0.114%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.44	+0.114%	$402K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.42	+0.097%	$553K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.41	+0.089%	$5.7M	$9.1M	20x	as long as short
Phemex HOODUSDTshort	0.0000%	8h	123.44	+0.114%	$1.0M	$8K	10x
Variational Omni HOOD	+0.0006%	8h	123.44	+0.112%	$2.4M	$1.0M	—	as long as short
Polymarket Perps HOOD-USD	+0.0021%	1h	123.25	−0.041%	$263K	$321K	10x	as long as short
Lighter HOOD	+0.0032%	1h	123.35	+0.044%	$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	123.35	+0.041%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.39	+0.077%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.35	+0.041%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.46	+0.130%	$1.3M	$4.1M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0076%	8h	123.41	+0.088%	$868K	$2.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.27	−0.024%	$196K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.42	+0.097%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.46	+0.130%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDTlong	+0.0100%	1h	123.30	long leg	$15K	$245K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.44	+0.114%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.44	+0.111%	$16K	—	10x	as long as short
Extended HOOD_24_5-USD	+0.0128%	1h	123.42	+0.095%	$417K	$1.2M	10x	as long as short
Binance HOODUSDT	+0.0129%	8h	123.44	+0.114%	$23.8M	$84.0M	20x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.45	+0.122%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0227%	1h	123.39	+0.073%	$53.0M	$29.6M	10x	as long as short
BloFin HOOD-USDT	+0.0249%	8h	123.47	+0.138%	$187K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.41	+0.089%	$63K	$50K	30x	as long as short
Phoenix HOOD	+0.0388%	1h	123.47	+0.138%	$28K	$188K	10x	as long as short
edgeX HOODUSDC	+0.0758%	4h	123.46	+0.130%	$371K	$308K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1048%	1h	123.45	+0.122%	$6K	$82K	10x	as long as short