Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.012%

Price spread now: Arcus against BloFin−0.049%95s7-day average −0.082% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.415% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.049%, 7d avg −0.082%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.033% dearer against BloFin than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.082%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 4 days (−0.029% in total) that is about 4.0 days. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HOOD-USDT	121.69	0.0120	pay 0.0120% / 8h	5h 03m	$175K	$162K	20x
Short	Arcus HOOD-USD	121.63	0.0040	get 0.0005% / 1h	3m 32s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$16.74
Price spread: −0.049% → −0.082%: $3.3
Slippage, 4 orders: −$25.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$54.97
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from BloFin: live order book, 34 min ago; Arcus: live order book, just now.

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 BloFin live order book, 34 min ago	1.64 bp	10.0 bp −$10	15.4 bp −$154	34.0 bp −$3,398	doesn't fit
Sell Arcus live order book, just now	0.82 bp	9.4 bp −$9	14.7 bp −$147	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
Polymarket Perps HOOD-USD	−0.0106%	1h	121.46	−0.189%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.69	0.000%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.63	−0.050%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.66	−0.024%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.64	−0.041%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.64	−0.041%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.66	−0.025%	$399K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.70	+0.008%	$579K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.71	+0.016%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.63	−0.048%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.65	−0.031%	$852K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.66	−0.025%	$995K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.64	−0.041%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0024%	1h	121.53	−0.131%	—	$62K	25x	as long as short
Arcus HOOD-USDshort	+0.0040%	1h	121.63	−0.049%	$1.1M	$1.7M	10x
tradeXYZ xyz:HOOD	+0.0050%	1h	121.60	−0.074%	$51.9M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.63	−0.053%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.61	−0.066%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.123%	$194K	$1.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0079%	1h	121.64	−0.041%	$7K	$68K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.63	−0.051%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.71	+0.016%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.64	−0.041%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.67	−0.016%	$2K	$2K	10x	as long as short
Lighter HOOD	+0.0104%	1h	121.64	−0.044%	$2.8M	$3.1M	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.61	−0.063%	$16K	—	10x	as long as short
BloFin HOOD-USDTlong	+0.0120%	8h	121.69	long leg	$175K	$162K	20x
Phoenix HOOD	+0.0197%	1h	121.73	+0.033%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.271%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0553%	4h	121.63	−0.048%	$366K	$305K	10x	as long as short