Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.039%

Price spread now: Coinbase International against Binance−0.584%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 2 days (all we have)+0.332%+$33 · spread now −0.584%, 7d avg −0.166%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.418% cheaper against Binance than usual: you would sell low and buy high (spread −0.584% now, against its 7-day average of −0.166%). If the spread goes back, that is −$42 on $10k: about 15 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.038% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HOODUSDT	123.06	0	get 0.0000% / 8h	7h 32m	$21.9M	$89.3M	20x
Short	Coinbase International HOOD-PERP-INTX	122.34	0.0096	get 0.0012% / 1h	32m 12s	$202K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.584%Rate

Funding earned: $20.16
Price spread: −0.584% → −0.166%: −$41.83
Slippage, 4 orders: −$15.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.36
Costs to cover: 0.357%
Break-even: 26.9 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 1 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 Binance live order book, 11 min ago	0.41 bp	7.7 bp −$8	14.3 bp −$143	50.8 bp −$5,077	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.29 bp	10.3 bp −$10	15.8 bp −$158	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	122.85	−0.168%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	122.97	−0.072%	$362K	$1.6M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	123.06	long leg	$21.9M	$89.3M	20x
Bybit HOODUSDT	0.0000%	8h	123.06	+0.001%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.00	−0.048%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	122.91	−0.121%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	122.94	−0.097%	$576K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.01	−0.040%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.87	−0.157%	$2.4M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.83	−0.186%	$862K	$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
Phemex HOODUSDT	0.0000%	8h	123.03	−0.024%	$1.0M	$8K	10x	as long as short
QFEX HOOD-USD	+0.0014%	1h	122.89	−0.137%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.75	−0.251%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.83	−0.186%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.78	−0.227%	$265K	$335K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.96	−0.082%	$740	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.75	−0.251%	$1.2M	$1.6M	15x	as long as short
Lighter HOOD	+0.0088%	1h	122.97	−0.068%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0096%	1h	122.34	−0.584%	$202K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	122.92	−0.111%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.92	−0.113%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.80	−0.211%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.94	−0.097%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.94	−0.098%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.88	−0.146%	$181K	$125K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0165%	1h	123.00	−0.048%	$52.8M	$27.7M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	122.91	−0.121%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	−0.146%	$63K	$49K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0238%	1h	122.97	−0.072%	$8K	$69K	10x	as long as short
edgeX HOODUSDC	+0.0725%	4h	122.84	−0.180%	$370K	$308K	10x	as long as short