Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.088%

Price spread now: edgeX against Coinbase International−0.012%77s7-day average +0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$420.423% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.012%, 7d avg +0.166%

Together, before fees+0.334%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.178% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.166%). If the spread goes back, that is −$18 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.199% in total) that is about 6.3 days. The two prices were read 77 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	Coinbase International HOOD-PERP-INTX	120.49	0.0192	pay 0.0024% / 1h	15m 50s	$196K	$1.8M	10x
Short	edgeX HOODUSDC	120.48	0.0231	get 0.0116% / 4h	15m 50s	$363K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $8.29
Price spread: −0.012% → +0.166%: −$17.84
Slippage, 4 orders: −$23.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.9
Costs to cover: 0.423%
Break-even: 50.8 days

Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 23 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 Coinbase International live order book, 3 min ago	4.15 bp	9.2 bp −$9	11.7 bp −$117	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	6.63 bp	11.7 bp −$12	20.9 bp −$209	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	−0.0440%	1h	120.22	−0.224%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0166%	8h	120.50	+0.008%	$597K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0151%	8h	120.49	0.000%	$5.5M	$9.9M	20x	as long as short
Polymarket Perps HOOD-USD	−0.0015%	1h	120.28	−0.174%	$251K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.52	+0.021%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.43	−0.052%	$358K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.47	−0.015%	$20.8M	$91.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.42	−0.058%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.42	−0.058%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.40	−0.078%	$2.2M	$1.0M	—	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	120.51	+0.016%	$845K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.43	−0.050%	$985K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	120.26	−0.191%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.37	−0.100%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.45	−0.033%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.39	−0.083%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.37	−0.096%	$719	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.44	−0.041%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0088%	1h	120.39	−0.082%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.44	−0.042%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.45	−0.033%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.40	−0.075%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.41	−0.066%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.38	−0.095%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.50	+0.008%	$173K	$175K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0165%	1h	120.40	−0.075%	$6K	$52K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0192%	1h	120.49	long leg	$196K	$1.8M	10x
edgeX HOODUSDCshort	+0.0231%	4h	120.48	−0.012%	$363K	$304K	10x
Phoenix HOOD	+0.0265%	1h	120.39	−0.083%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.51	+0.013%	$403K	$1.4M	10x	as long as short