Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0752%/8h= −82.3% APRpaid last 24h −0.152%

Price spread now: Binance against edgeX−0.205%50s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as 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−$400.402% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 2 days (all we have)+0.221%+$22 · spread now −0.205%, 7d avg −0.011%

Together, before fees−0.018%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Binance is 0.194% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX HOODUSDC	121.87	0.0752	pay 0.0376% / 4h	2h 42m	$367K	$306K	10x
Short	Binance HOODUSDT	121.62	0	get 0.0000% / 8h	6h 42m	$21.2M	$90.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.205%Rate

Funding earned: −$157.82
Price spread: −0.205% → −0.011%: −$19.39
Slippage, 4 orders: −$21.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$217.39
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; Binance: live order book, 15 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 edgeX live order book, 26 min ago	6.52 bp	11.8 bp −$12	21.5 bp −$215	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.41 bp	9.0 bp −$9	21.3 bp −$213	74.3 bp −$7,426	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
Polymarket Perps HOOD-USD	−0.0104%	1h	121.66	−0.169%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.74	−0.104%	$107K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.67	−0.161%	$361K	$1.4M	10x	as long as short
Binance HOODUSDTshort	0.0000%	8h	121.62	−0.205%	$21.2M	$90.5M	20x
Bybit HOODUSDT	0.0000%	8h	121.58	−0.234%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.55	−0.259%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.83	−0.029%	$374K	$1.3M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.74	−0.103%	$562K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.75	−0.095%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.75	−0.098%	$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	121.80	−0.050%	$852K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.81	−0.046%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.77	−0.078%	$996K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.61	−0.206%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.82	−0.037%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0035%	1h	121.66	−0.169%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.85	−0.013%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.77	−0.079%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.77	−0.078%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.72	−0.119%	$197K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0089%	1h	121.64	−0.185%	$52.5M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.64	−0.188%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.74	−0.103%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.81	−0.046%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.81	−0.046%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.77	−0.078%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.110%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.398%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.81	−0.046%	$28K	$237K	10x	as long as short
edgeX HOODUSDClong	+0.0752%	4h	121.87	long leg	$367K	$306K	10x