Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.093%

Price spread now: Deribit against Bitget−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	120.84	−0.0092	get 0.0092% / 8h	39m 59s	$5.5M	$9.9M	20x
Short	Deribit HOOD_USDC-PERPETUAL	120.81	0.0164	get 0.0021% / 1h	39m 59s	$6K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $53.77
Price spread: −0.025% → 0.000%: −$2.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $32.29
Costs to cover: 0.190%
Break-even: 2.8 days

Slippage unknown: Bitget: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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 Bitget live order book, 3 min ago	1.65 bp	13.0 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective HOOD/USDC PERP	−0.0440%	1h	120.38	−0.381%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0170%	8h	120.85	+0.008%	$601K	$7.6M	50x	as long as short
Bitget HOODUSDTlong	−0.0092%	8h	120.84	long leg	$5.5M	$9.9M	20x
Aster HOODUSDT	0.0000%	8h	120.84	−0.003%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.78	−0.052%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.82	−0.019%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.79	−0.041%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.81	−0.025%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.85	+0.005%	$2.2M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.80	−0.029%	$853K	$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	120.82	−0.017%	$988K	$8K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0011%	1h	120.63	−0.174%	$251K	$345K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	120.67	−0.141%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.74	−0.083%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.83	−0.008%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.74	−0.083%	$51.2M	$27.0M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.77	−0.056%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.79	−0.041%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0080%	1h	120.78	−0.046%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.82	−0.015%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.77	−0.058%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.74	−0.083%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.81	−0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.78	−0.050%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.87	+0.025%	$173K	$168K	20x	as long as short
Deribit HOOD_USDC-PERPETUALshort	+0.0164%	1h	120.81	−0.025%	$6K	$52K	10x
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.67	−0.141%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.78	−0.050%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0338%	4h	120.87	+0.023%	$364K	$303K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.89	+0.037%	$398K	$1.4M	10x	as long as short