Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.020%

Price spread now: SoDEX against Bybit−0.058%56s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.058% cheaper against Bybit than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day). The two prices were read 56 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	Bybit HOODUSDT	120.97	0	get 0.0000% / 8h	1h 18m	$3.7M	$8.8M	25x
Short	SoDEX HOOD-USD	120.90	0.0050	get 0.0006% / 1h	18m 29s	$722	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.5
Price spread: −0.058% → 0.000%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.29
Costs to cover: 0.190%
Break-even: 16.5 days

Slippage unknown: Bybit: live order book, 5 min ago; SoDEX: 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 Bybit live order book, 5 min ago	1.24 bp	13.1 bp −$13	65.9 bp −$659	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0392%	1h	120.34	−0.521%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0171%	8h	121.01	+0.033%	$601K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0140%	8h	121.03	+0.050%	$5.5M	$10.0M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.88	−0.075%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.93	−0.032%	$356K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.99	+0.017%	$20.8M	$92.3M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	120.97	long leg	$3.7M	$8.8M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	120.96	−0.008%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.95	−0.013%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.88	−0.074%	$846K	$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	120.93	−0.033%	$989K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	120.74	−0.190%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.80	−0.141%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.80	−0.141%	$252K	$345K	10x	as long as short
SoDEX HOOD-USDshort	+0.0050%	1h	120.90	−0.058%	$722	$4K	10x
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.87	−0.083%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.94	−0.025%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0087%	1h	120.92	−0.041%	$51.4M	$27.7M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.94	−0.025%	$74K	$112K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.88	−0.074%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.89	−0.066%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.01	+0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.90	−0.056%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	120.89	−0.062%	$2.8M	$3.2M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.88	−0.074%	$173K	$160K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.306%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.85	−0.099%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	121.00	+0.024%	$395K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0743%	1h	120.91	−0.050%	$6K	$52K	10x	as long as short
edgeX HOODUSDC	+0.0757%	4h	120.87	−0.086%	$364K	$304K	10x	as long as short