Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGArcus▾edgeX −0.0525%Injective −0.0035%Aster 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%OKX +0.0022%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%QFEX +0.0057%Variational Omni +0.0078%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%Coinbase International +0.0112%Binance +0.0188%Extended +0.0192%Bitget +0.0210%KuCoin +0.0223%Bybit +0.0245%tradeXYZ +0.0271%Lighter +0.0272%BloFin +0.0309%GRVT +0.0322%Phoenix +0.0334%Avantis +0.0362%RISEx +0.0592%Arcus +0.0971%

⇄⇅

SHORTBingX▾RISEx +0.0592%Phoenix +0.0334%Avantis −0.0325%GRVT +0.0322%BloFin +0.0309%Lighter +0.0272%tradeXYZ +0.0271%Bybit +0.0245%KuCoin +0.0223%Bitget +0.0210%Extended +0.0192%Binance +0.0188%Coinbase International +0.0112%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Variational Omni +0.0078%QFEX +0.0057%Ondo Perps +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%OKX +0.0022%BingX +0.0017%Aster 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%Injective −0.0035%edgeX −0.0525%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusHOOD-USD	119.37	+0.0971	pay 0.0121% / 1h	4m 19s	$1.4M	$1.7M	10x	Long Arcus5% off
SHORT	BingXNCSKHOOD2USD-USDT	119.32	+0.0017	get 0.0017% / 8h	4h 04m	$978K	$7.1M	—	Short BingX

Price gap−0.042%

Funding gap−0.0954% /8h

Both sides work against this direction now: funding costs $29 a day on $10k and the gap is 0.070% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.453% in total, about −0.0216%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now−0.042%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ArcusBingX

HOOD on 33 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• ✓
  OK: Fits both order books5.2 / 10.2 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$1,000 + —

  Arcus 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Arcus · 1h−$29.13

  Short BingX · 8h+$0.51

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$28.62Long Arcus: 24 payments, −$29.13; short BingX: 3 payments, +$0.51.
• !
  Watch: Gap narrower than usual−0.042% vs +0.028%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$978K vs $1.4M OI

  BingX sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCArcus No · BingX Yes

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0216%/8h × 21 periods−$45.27

Price spread−0.042% → +0.028% (7d avg)−$6.96

Slippage, 4 orderslive order books−$15.04

Fee Arcus bp × 2 orders−$4.50

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$81.76

Costs to cover0.295%Break-evennever at this rate

Slippage: Arcus: live order book, 3 min ago; BingX: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGArcus0.425.2 bp−$55.2 bp−$52doesn’t fitdoesn’t fit

SELL · SHORTBingX0.8410.2 bp−$1022.9 bp−$22979.5 bp−$7,953681.9 bp−$340.9K

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

HOOD news

posts that mention HOOD or Robinhood Markets, from every exchangeSearch all news →

09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-21 16:05	Aevo	Contest	bitcoin:native broke $85k, zcash:native crossed $1.5k, and near:native is up 70%+ in 7 days. Trading them adds volume to Aevo’s year-end leaderboard for the projected 808,800 USDC reward. Options count too, as do the other Perp Majors: ETH, SOL, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market HOOD/USD ($HOOD) seen by our collector
09-19 00:09	SoDEX	Other	Robinhood (HOOD) shares are up 9.12% today. The company has grown beyond its commission-free trading roots, expanding across options, crypto, retirement products, and subscription services while building a broader retail investing ecosystem. Explore our latest research on Robinhood, its growth strategy, and what could drive the company next: @sodex_official on X ↗
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗
09-17 09:45	RISEx	Other	→ $ARB: → $HOOD: @risextrade on X ↗