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Funding arb · Price arb /

HOOD

RWAall HOOD markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC−0.0341%/8h= −37.3% APRnext payment −$3.41 per $10,000 · paid last 24h −0.056%
Price spread now: Bybit against BloFin−0.049%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Long on BloFinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.314%−$31 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.049%, 7d avg −0.021%
Together, before fees−0.327%−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HOOD-USDT122.520.0342pay 0.0342% / 8h5h 55m$175K$179K20x
ShortBybit HOODUSDT122.460.0002get 0.0002% / 8h5h 55m$3.7M$7.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$71.52
Price spread: −0.049% → −0.021%
−$2.84
Slippage, 4 orders
−$30
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$127.35
Costs to cover
0.530%
Break-even
never at this rate
Slippage from BloFin: live order book, 49 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 49 min ago1.64 bp9.1 bp −$914.9 bp −$14936.4 bp −$3,642doesn't fit
Sell Bybit live order book, 1 min ago1.23 bp12.9 bp −$1336.0 bp −$3601254.1 bp −$125.4Kdoesn't fit

HOOD on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HOODUSDT0.0000%8h122.46−0.049%$110K$285K20xas long as short
OKX HOOD-USDT-SWAP0.0000%8h122.48−0.033%$2.7M$5.9M20xas long as short
Gate HOOD_USDT0.0000%8h122.50−0.016%$584K$6.8M50xas long as short
Bitget HOODUSDT0.0000%8h122.520.000%$5.6M$9.2M20xas long as short
Phemex HOODUSDT0.0000%8h122.44−0.065%$1.0M$7K10xas long as short
Bybit HOODUSDTshort+0.0002%8h122.46−0.049%$3.7M$7.4M25x
Injective HOOD/USDC PERP+0.0009%1h121.69−0.677%$28K$96K30xas long as short
Vest HOOD-USD-PERP+0.0046%1h122.31−0.171%—$64K25xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.38−0.114%$253K$338K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.45−0.054%$732$4K10xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HOOD-USD.P+0.0050%1h122.41−0.090%$1.3M$1.2M15xas long as short
QFEX HOOD-USD+0.0070%1h122.51−0.008%$1.3M$2.7M10xas long as short
tradeXYZ xyz:HOOD+0.0072%1h122.46−0.049%$51.6M$25.6M10xas long as short
Variational Omni HOOD+0.0095%8h122.47−0.042%$2.3M$875K—as long as short
Pacifica HOOD+0.0100%1h122.45−0.056%$73K$116K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.46−0.049%$1.7M$1.5M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.25−0.220%$5K$29K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.46−0.049%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.48−0.035%$16K—10xas long as short
edgeX HOODUSDC+0.0117%4h122.43−0.076%$369K$301K10xas long as short
Phoenix HOOD+0.0197%1h122.39−0.106%$28K$239K10xas long as short
Lighter HOOD+0.0200%1h122.49−0.025%$2.9M$2.9M10xas long as short
Extended HOOD_24_5-USD+0.0224%1h122.45−0.057%$470K$2.6M10xas long as short
Coinbase International HOOD-PERP-INTX+0.0224%1h121.81−0.579%$229K$1.6M10xas long as short
Binance HOODUSDT+0.0224%8h122.49−0.024%$21.3M$87.1M20xas long as short
Arcus HOOD-USD+0.0252%1h122.43−0.073%$1.1M$1.9M10xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0322%1h122.45−0.057%$6K$41K10xas long as short
BloFin HOOD-USDTlong+0.0342%8h122.52long leg$175K$179K20x
GRVT HOOD_USDT_Perp+0.0478%8h122.45−0.053%$860K$1.7M10xas long as short
RISEx HOOD/USDC+0.0862%1h122.56+0.031%$476K$1.3M10xas long as short