Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: Orderly against Coinbase International−0.150%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	119.88	0.0200	pay 0.0025% / 1h	25m 53s	$195K	$1.8M	10x
Short	Orderly PERP_HOOD_USDC_mythos	119.70	0.0100	get 0.0100% / 8h	7h 25m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.150%Rate

Funding earned: −$21
Price spread: −0.150% → 0.000%: −$15.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$52.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Orderly: 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 Coinbase International live order book, 3 min ago	5.43 bp	10.4 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0440%	1h	119.96	+0.067%	$41K	$69K	30x	as long as short
Bitget HOODUSDT	−0.0018%	8h	119.71	−0.142%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	119.73	−0.123%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	119.66	−0.185%	$353K	$2.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	119.69	−0.159%	$20.7M	$91.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	119.71	−0.142%	$3.7M	$8.3M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	119.74	−0.117%	$2.6M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	119.72	−0.133%	$593K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	119.91	+0.021%	$2.2M	$979K	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	119.65	−0.192%	$6K	$53K	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	119.73	−0.125%	$980K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0003%	1h	119.46	−0.350%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	119.68	−0.169%	$2.8M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0038%	1h	119.68	−0.167%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	119.67	−0.175%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	119.64	−0.200%	$50.4M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	119.70	−0.150%	$250K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	119.67	−0.179%	$847	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	119.60	−0.234%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	119.73	−0.121%	$73K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	119.74	−0.117%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	119.70	−0.150%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythosshort	+0.0100%	8h	119.70	−0.150%	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	119.67	−0.172%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	119.79	−0.075%	$173K	$175K	20x	as long as short
GRVT HOOD_USDT_Perp	+0.0125%	8h	119.85	−0.028%	$847K	$1.9M	10x	as long as short
edgeX HOODUSDC	+0.0128%	4h	119.90	+0.018%	$361K	$304K	10x	as long as short
Phoenix HOOD	+0.0133%	1h	119.71	−0.142%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0200%	1h	119.88	long leg	$195K	$1.8M	10x
RISEx HOOD/USDC	+0.0421%	1h	119.78	−0.088%	$422K	$1.3M	10x	as long as short