Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGArcus▾Injective −0.0312%edgeX −0.0188%Reya −0.0109%Aster 0.0000%Extended 0.0000%RISEx 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phemex 0.0000%MEXC +0.0001%Binance +0.0002%BloFin +0.0007%Lighter +0.0032%QFEX +0.0040%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%Polymarket Perps +0.0050%Ondo Perps +0.0050%AZverse +0.0054%OKX +0.0077%Phoenix +0.0083%Bitget +0.0097%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%Avantis +0.0110%HTX +0.0128%BingX +0.0135%Bybit +0.0155%Deribit +0.0167%SoDEX +0.0228%Backpack +0.0336%Kraken Futures +0.0374%Arcus +0.0606%

⇄⇅

SHORTSunX▾Kraken Futures +0.0374%Backpack +0.0336%SoDEX +0.0228%Deribit +0.0167%Bybit +0.0155%BingX +0.0135%HTX +0.0128%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Bitget +0.0097%Phoenix +0.0083%OKX +0.0077%Avantis −0.0073%AZverse +0.0054%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%QFEX +0.0040%Lighter +0.0032%BloFin +0.0007%Binance +0.0002%MEXC +0.0001%Aster 0.0000%Extended 0.0000%RISEx 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Phemex 0.0000%Reya −0.0109%edgeX −0.0188%Injective −0.0312%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusHOOD-USD	96.040	+0.0606	pay 0.0076% / 1h	41m 28s	$1.6M	$8.8M	10x	Long Arcus5% off
SHORT	SunXHOODX-USDT	96.320	0	0.0000% / 8h	6h 41m	$701	$693K	10x	Short SunX≤10% back

Price gap+0.292%

Funding gap−0.0606% /8h

Funding costs $18 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.256% in total, about −0.0122%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.292%

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

ArcusSunX

HOOD on 40 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size3.4 / 78.8 bp

  At $10k entering SunX costs 78.8 bp, fee and slippage, 23.3× Arcus’s.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Arcus 10x, SunX 10x. 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−$18.19

  Short SunX · 8h$0.00

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

  Next 24h at the current rates, on $10k a leg: −$18.19Long Arcus: 24 payments, −$18.19; short SunX: 3 payments, $0.00.
• i
  Note: Gap at its usual level+0.292% vs +0.302%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$701 vs $1.6M OI

  SunX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legArcus points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legArcus No · SunX No

  Both exchanges let you trade without ID.

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−0.0122%/8h × 21 periods−$25.57

Price spread+0.292% → +0.302% (7d avg)−$1.07

Slippage, 4 orderslive order books−$121.72

Fee Arcus bp × 2 orders−$4.50

Fee SunX bp × 2 orders−$8.00

Net · 7 days · $10k−$160.86

Costs to cover1.342%Break-evennever at this rate

Slippage: Arcus: live order book, 6 min ago; SunX: live order book, 55 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGArcus0.523.4 bp−$36.9 bp−$6916.5 bp−$1,647doesn’t fit

SELL · SHORTSunX29.9678.8 bp−$79doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

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

Create alert

FundingPrice spread

I'm in

HOOD news

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

10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗
10-27 14:14	Phoenix	Other	Robinhood, $HOOD reports earnings after the market closes today. Analysts expect revenue of ~$1.42B, which would be a company record. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗
10-26 22:17	Polymarket Perps	Other	One of the biggest earnings weeks of the season is here. Tue Oct 27 • SKHY • SKHYNIX • HOOD Wed Oct 28 • SAMSUNG • MSFT • GOOGL Thu Oct 29 • AMZN • INTC • SNDK • MSTR • STRC • COIN Trade every report on Polymarket Perps👇 @Poly_Perps on X ↗
10-26 15:26	Variational Omni	Other	Eligible markets: Day 1 (Oct 27): $HOOD, $V, $STX, $TER, $SKHY Day 2 (Oct 28): $GOOGL, $MSFT, $KLAC Day 3 (Oct 29): $AMZN, $COIN, $MSTR, $RDDT, $SNDK @variational_io on X ↗
10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗