Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0415%/8h= −45.4% APRpaid last 24h −0.121%

Price spread now: Gate against Deribit+0.033%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Gate

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

The price spread pays, funding is against you. Gate is 0.033% dearer against Deribit than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit HOOD_USDC-PERPETUAL	120.47	0.0415	pay 0.0052% / 1h	45m 38s	$6K	$53K	10x
Short	Gate HOOD_USDT	120.51	0	get 0.0000% / 8h	7h 45m	$602K	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$87.05
Price spread: +0.033% → 0.000%: $3.32
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$105.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.73 bp	16.2 bp −$16	63.5 bp −$635	doesn't fit	doesn't fit

Deribit: 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	119.92	−0.457%	$58K	$61K	30x	as long as short
Bitget HOODUSDT	−0.0108%	8h	120.56	+0.075%	$5.5M	$9.8M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.32	−0.127%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.49	+0.016%	$357K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.52	+0.042%	$20.8M	$91.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.54	+0.058%	$3.7M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.51	+0.033%	$2.7M	$6.2M	20x	as long as short
Gate HOOD_USDTshort	0.0000%	8h	120.51	+0.033%	$602K	$7.0M	50x
Variational Omni HOOD	0.0000%	8h	120.49	+0.013%	$2.2M	$982K	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.46	−0.008%	$853K	$1.9M	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	120.49	+0.017%	$986K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0010%	1h	120.24	−0.191%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.45	−0.015%	$2.8M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0038%	1h	120.44	−0.025%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.40	−0.058%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.44	−0.025%	$50.8M	$27.4M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.35	−0.100%	$251K	$341K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.47	+0.002%	$718	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.42	−0.042%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.46	−0.007%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.41	−0.050%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.33	−0.116%	$5K	$37K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.43	−0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.45	−0.014%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.40	−0.058%	$173K	$175K	20x	as long as short
Phoenix HOOD	+0.0133%	1h	120.18	−0.241%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	119.88	−0.490%	$195K	$1.8M	10x	as long as short
edgeX HOODUSDC	+0.0382%	4h	120.35	−0.103%	$362K	$304K	10x	as long as short
Deribit HOOD_USDC-PERPETUALlong	+0.0415%	1h	120.47	long leg	$6K	$53K	10x
RISEx HOOD/USDC	+0.0421%	1h	120.52	+0.042%	$417K	$1.4M	10x	as long as short