Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h +0.036%

Price spread now: Deribit against BloFin−0.041%57s7-day average −0.003% · you buy dearer than you sell

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

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.041%, 7d avg −0.003%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.037% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 57 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	122.58	0.0157	pay 0.0157% / 8h	1h 04m	$138K	$123K	20x
Short	Deribit HOOD_USDC-PERPETUAL	122.53	0	get 0.0000% / 1h	4m 10s	$8K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$33.04
Price spread: −0.041% → −0.003%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.79
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.23 bp	8.7 bp −$9	10.1 bp −$101	33.3 bp −$3,325	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
Polymarket Perps HOOD-USD	−0.0143%	1h	122.42	−0.131%	$269K	$332K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	122.54	−0.035%	$109K	$263K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	122.63	+0.041%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	122.69	+0.090%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	122.52	−0.053%	$393K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	122.53	−0.041%	$569K	$7.9M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	122.68	+0.082%	$5.6M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.44	−0.115%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.44	−0.117%	$857K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUALshort	0.0000%	1h	122.53	−0.041%	$8K	$81K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	122.59	+0.008%	$1.0M	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	122.53	−0.045%	$2.9M	$2.2M	10x	as long as short
Binance HOODUSDT	+0.0038%	8h	122.58	+0.003%	$22.1M	$88.0M	20x	as long as short
Extended HOOD_24_5-USD	+0.0040%	1h	122.54	−0.031%	$411K	$1.2M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	122.44	−0.114%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.53	−0.039%	$735	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.48	−0.082%	$1.2M	$1.6M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	122.52	−0.049%	$1.3M	$4.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	122.43	−0.122%	$198K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	122.53	−0.043%	$71K	$114K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.55	−0.024%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.47	−0.090%	$5K	$135K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.53	−0.041%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.56	−0.018%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0106%	1h	122.56	−0.016%	$52.5M	$29.8M	10x	as long as short
edgeX HOODUSDC	+0.0126%	4h	122.33	−0.208%	$368K	$307K	10x	as long as short
BloFin HOOD-USDTlong	+0.0157%	8h	122.58	long leg	$138K	$123K	20x
Arcus HOOD-USD	+0.0187%	1h	122.35	−0.188%	$1.1M	$1.7M	10x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.07	+0.400%	$63K	$50K	30x	as long as short
Phoenix HOOD	+0.0388%	1h	122.44	−0.114%	$28K	$188K	10x	as long as short