Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.030%

Price spread now: Extended against BloFin−0.067%54s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

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

costs, in and out, $10k−$430.428% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.067%, 7d avg −0.037%

Together, before fees−0.225%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 54 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	120.69	0.0120	pay 0.0120% / 8h	1h 00m	$173K	$165K	20x
Short	Extended HOOD_24_5-USD	120.61	0	get 0.0000% / 1h	0m 20s	$356K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$25.2
Price spread: −0.067% → −0.037%: −$2.97
Slippage, 4 orders: −$25.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$70.98
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Extended: live order book, 3 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 BloFin live order book, 10 min ago	3.72 bp	9.7 bp −$10	17.8 bp −$178	48.1 bp −$4,815	doesn't fit
Sell Extended live order book, 3 min ago	2.61 bp	11.2 bp −$11	131.4 bp −$1,314	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
Injective HOOD/USDC PERP	−0.0392%	1h	120.61	−0.066%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0171%	8h	120.66	−0.025%	$600K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0096%	8h	120.69	0.000%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.71	+0.012%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USDshort	0.0000%	1h	120.61	−0.067%	$356K	$1.8M	10x
Binance HOODUSDT	0.0000%	8h	120.64	−0.039%	$20.8M	$92.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.64	−0.041%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.61	−0.066%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.071%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.77	+0.066%	$850K	$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
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.63	−0.050%	$6K	$52K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.69	0.000%	$987K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0019%	1h	120.49	−0.166%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.63	−0.050%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.46	−0.191%	$251K	$345K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.66	−0.027%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.64	−0.041%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.63	−0.050%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0076%	1h	120.60	−0.075%	$51.3M	$26.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.62	−0.055%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.66	−0.025%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.71	+0.017%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.65	−0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.63	−0.052%	$16K	—	10x	as long as short
Lighter HOOD	+0.0120%	1h	120.66	−0.028%	$2.8M	$3.2M	10x	as long as short
BloFin HOOD-USDTlong	+0.0120%	8h	120.69	long leg	$173K	$165K	20x
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.67	−0.017%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.76	+0.058%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0289%	4h	120.77	+0.066%	$363K	$305K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.68	−0.008%	$394K	$1.4M	10x	as long as short