Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0743%/8h= +81.4% APRpaid last 24h +0.087%

Price spread now: edgeX against Arcus+0.090%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.090%, 7d avg +0.074%

Together, before fees−0.165%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.189% in total (about -20.7% 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	Arcus HOOD-USD	123.50	0.0187	pay 0.0023% / 1h	58m 55s	$1.1M	$1.7M	10x
Short	edgeX HOODUSDC	123.61	0.0931	get 0.0465% / 4h	1h 58m	$372K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $156.11
Price spread: +0.090% → +0.074%: $1.54
Slippage, 4 orders: −$35.72
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $108.44
Costs to cover: 0.492%
Break-even: 2.1 days

Slippage from Arcus: live order book, 5 min ago; edgeX: live order book, 24 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 Arcus live order book, 5 min ago	1.21 bp	7.4 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	8.89 bp	20.7 bp −$21	30.5 bp −$305	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	123.61	+0.092%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.47	−0.024%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.56	+0.049%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.57	+0.057%	$416K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.53	+0.024%	$554K	$7.8M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.54	+0.032%	$1.0M	$8K	10x	as long as short
Bitget HOODUSDT	+0.0004%	8h	123.52	+0.016%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOOD	+0.0019%	8h	123.61	+0.090%	$2.4M	$1.0M	—	as long as short
Lighter HOOD	+0.0032%	1h	123.48	−0.012%	$3.0M	$2.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.42	−0.065%	—	$63K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps HOOD-USD	+0.0050%	1h	123.38	−0.097%	$263K	$320K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.52	+0.012%	$743	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.51	+0.008%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.55	+0.040%	$1.3M	$4.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.41	−0.073%	$196K	$1.8M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0093%	8h	123.60	+0.081%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.52	+0.013%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.59	+0.073%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.49	−0.008%	$45K	$233K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.55	+0.040%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.54	+0.032%	$16K	—	10x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.54	+0.034%	$419K	$1.2M	10x	as long as short
Binance HOODUSDT	+0.0139%	8h	123.56	+0.046%	$23.8M	$84.3M	20x	as long as short
Arcus HOOD-USDlong	+0.0187%	1h	123.50	long leg	$1.1M	$1.7M	10x
tradeXYZ xyz:HOOD	+0.0208%	1h	123.53	+0.024%	$53.1M	$30.0M	10x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.73	+0.186%	$63K	$50K	30x	as long as short
BloFin HOOD-USDT	+0.0259%	8h	123.65	+0.121%	$188K	$123K	20x	as long as short
Phoenix HOOD	+0.0323%	1h	123.58	+0.065%	$28K	$188K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0641%	1h	123.60	+0.081%	$6K	$84K	10x	as long as short
edgeX HOODUSDCshort	+0.0931%	4h	123.61	+0.090%	$372K	$308K	10x