Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0667%/8h= −73.1% APRpaid last 24h −0.135%

Price spread now: Bybit against edgeX−0.026%81s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$460.455% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.026%, 7d avg −0.015%

Together, before fees−0.303%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate. The two prices were read 81 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 -0.293% in total (about -15.3% 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	120.70	0.0667	pay 0.0334% / 4h	2h 34m	$363K	$304K	10x
Short	Bybit HOODUSDT	120.67	0	get 0.0000% / 8h	2h 34m	$3.7M	$8.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$140.1
Price spread: −0.026% → −0.015%: −$1.11
Slippage, 4 orders: −$25.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$186.73
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from edgeX: live order book, 14 min ago; Bybit: live order book, 9 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, 14 min ago	5.78 bp	10.9 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	0.41 bp	11.9 bp −$12	27.0 bp −$270	902.8 bp −$90.3K	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	120.35	−0.291%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0225%	8h	120.73	+0.024%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0166%	8h	120.67	−0.026%	$578K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0046%	1h	120.50	−0.167%	$250K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.69	−0.008%	$105K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.61	−0.074%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.64	−0.050%	$20.6M	$91.7M	20x	as long as short
Bybit HOODUSDTshort	0.0000%	8h	120.67	−0.026%	$3.7M	$8.9M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	120.62	−0.068%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.71	+0.004%	$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	120.77	+0.057%	$853K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.64	−0.051%	$6K	$55K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.65	−0.043%	$987K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0013%	1h	120.50	−0.167%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.63	−0.060%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.63	−0.059%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.59	−0.092%	$51.1M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.64	−0.051%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.58	−0.101%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	120.68	−0.018%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.67	−0.026%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.67	−0.026%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.67	−0.026%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.64	−0.051%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.61	−0.080%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	120.72	+0.019%	$421K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.80	+0.082%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.61	−0.076%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.48	−0.184%	$192K	$1.8M	10x	as long as short
edgeX HOODUSDClong	+0.0667%	4h	120.70	long leg	$363K	$304K	10x