Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0816%/8h= +89.3% APRpaid last 24h +0.123%

Price spread now: edgeX against Aster+0.034%80s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as 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−$1441.439% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.034%, 7d avg +0.009%

Together, before fees+0.444%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.025% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.411% in total (about 21.4% 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	Aster HOODUSDT	123.62	0	get 0.0000% / 8h	2h 12m	$110K	$262K	20x
Short	edgeX HOODUSDC	123.66	0.0816	get 0.0408% / 4h	2h 12m	$372K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $171.31
Price spread: +0.034% → +0.009%: $2.48
Slippage, 4 orders: −$126.91
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $29.88
Costs to cover: 1.439%
Break-even: 5.8 days

Slippage from Aster: live order book, 9 min ago; edgeX: live order book, 11 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 Aster live order book, 9 min ago	4.44 bp	55.7 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 11 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 HOODUSDTlong	0.0000%	8h	123.62	long leg	$110K	$262K	20x
Bybit HOODUSDT	0.0000%	8h	123.61	−0.008%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.65	+0.024%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.59	−0.024%	$554K	$7.9M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.62	0.000%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.089%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0018%	8h	123.62	0.000%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOOD	+0.0030%	8h	123.72	+0.080%	$2.4M	$1.0M	—	as long as short
Polymarket Perps HOOD-USD	+0.0035%	1h	123.46	−0.129%	$263K	$320K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.54	−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
SoDEX HOOD-USD	+0.0050%	1h	123.59	−0.020%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.47	−0.121%	$1.4M	$1.3M	15x	as long as short
Lighter HOOD	+0.0056%	1h	123.57	−0.038%	$3.1M	$1.9M	10x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.58	−0.032%	$1.3M	$4.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.58	−0.028%	$80K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.68	+0.049%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.59	−0.024%	$45K	$247K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.61	−0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.60	−0.015%	$16K	—	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0115%	8h	123.74	+0.097%	$871K	$2.2M	10x	as long as short
Binance HOODUSDT	+0.0149%	8h	123.61	−0.006%	$23.8M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0152%	1h	123.60	−0.013%	$419K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.170%	$196K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0235%	1h	123.67	+0.040%	$6K	$84K	10x	as long as short
BloFin HOOD-USDT	+0.0271%	8h	123.63	+0.008%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0293%	1h	123.60	−0.016%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.80	+0.146%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.61	−0.006%	$424K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.55	−0.057%	$1.1M	$1.7M	10x	as long as short
edgeX HOODUSDCshort	+0.0816%	4h	123.66	+0.034%	$372K	$308K	10x