Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.059%

Price spread now: Phemex against Coinbase International+0.605%7-day average +0.170% · you sell dearer than you buy

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

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 3 days (all we have)−0.561%−$56 · spread now +0.605%, 7d avg +0.170%

Together, before fees−0.770%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.435% dearer against Coinbase International than usual: you sell high and buy low (spread +0.605% now, against its 7-day average of +0.170%): +$43 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	122.34	0.0096	pay 0.0012% / 1h	27m 05s	$202K	$1.9M	10x
Short	Phemex HOODUSDT	123.08	0	get 0.0000% / 8h	7h 27m	$1.0M	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.605%Rate

Funding earned: −$20.16
Price spread: +0.605% → +0.170%: $43.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $1.32
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 2 min ago; Phemex: live order book, 1 min ago. 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, 2 min ago	6.10 bp	11.1 bp −$11	14.3 bp −$143	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.62 bp	doesn't fit	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
Aster HOODUSDT	0.0000%	8h	122.94	+0.489%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.09	+0.612%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.11	+0.629%	$22.0M	$89.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.15	+0.662%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.09	+0.613%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.03	+0.564%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.07	+0.597%	$577K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.14	+0.654%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.85	+0.418%	$2.4M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.85	+0.414%	$862K	$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 HOODUSDTshort	0.0000%	8h	123.08	+0.605%	$1.0M	$8K	10x
QFEX HOOD-USD	+0.0014%	1h	123.04	+0.572%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.95	+0.499%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.92	+0.474%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.98	+0.523%	$265K	$335K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.08	+0.602%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.92	+0.474%	$1.2M	$1.6M	15x	as long as short
Lighter HOOD	+0.0096%	1h	123.08	+0.601%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0096%	1h	122.34	long leg	$202K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	122.98	+0.526%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.00	+0.539%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.86	+0.425%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.04	+0.572%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.07	+0.599%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.15	+0.662%	$181K	$116K	20x	as long as short
edgeX HOODUSDC	+0.0138%	4h	122.91	+0.465%	$370K	$309K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0163%	1h	123.07	+0.597%	$52.9M	$27.8M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	122.96	+0.507%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	+0.441%	$63K	$49K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0482%	1h	123.08	+0.605%	$8K	$69K	10x	as long as short