Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.015%

Price spread now: KuCoin against Coinbase International+0.199%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1491.490% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.199%, 7d avg +0.133%

Together, before fees−0.329%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.065% dearer against Coinbase International than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.133%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	120.77	0.0184	pay 0.0023% / 1h	47m 58s	$193K	$1.8M	10x
Short	KuCoin HOODUSDTM	121.01	0.0100	get 0.0100% / 8h	2h 47m	$1.3M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.199%Rate

Funding earned: −$17.64
Price spread: +0.199% → +0.133%: $6.54
Slippage, 4 orders: −$126.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$160.05
Costs to cover: 1.490%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; KuCoin: live order book, 2 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, 6 min ago	4.55 bp	10.4 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.31 bp	30.7 bp −$31	doesn't fit	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	120.64	−0.108%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0175%	8h	121.14	+0.306%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0152%	8h	121.13	+0.298%	$583K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0036%	1h	120.91	+0.116%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.04	+0.224%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.04	+0.221%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.06	+0.240%	$20.7M	$91.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.09	+0.265%	$3.8M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.07	+0.248%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.00	+0.189%	$2.3M	$1.1M	—	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	120.99	+0.182%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.10	+0.273%	$991K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0012%	1h	120.86	+0.075%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	121.08	+0.256%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.95	+0.149%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.04	+0.224%	$51.3M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.09	+0.265%	$725	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.89	+0.099%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	121.03	+0.215%	$1.3M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0080%	1h	121.07	+0.248%	$6K	$55K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.05	+0.228%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTMshort	+0.0100%	8h	121.01	+0.199%	$1.3M	$1.3M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	120.93	+0.132%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.07	+0.248%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.09	+0.264%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	121.09	+0.267%	$389K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.07	+0.248%	$175K	$162K	20x	as long as short
edgeX HOODUSDC	+0.0132%	4h	120.86	+0.071%	$364K	$304K	10x	as long as short
Phoenix HOOD	+0.0132%	1h	120.90	+0.108%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0184%	1h	120.77	long leg	$193K	$1.8M	10x