Funding arb · Price arb / RWA

HOOD

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LONGedgeX▾edgeX +0.0704%

⇄⇅

SHORTGate▾Gate 0.0000%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXHOODUSDC	84.885	+0.0704	pay 0.0352% / 4h	7m 47s	$283K	$205K	10x	Long edgeX
SHORT	GateHOOD_USDT	84.925	0	0.0000% / 8h	7m 47s	$1.7M	$3.8M	50x	Short Gate

Price gap+0.047%

Funding gap−0.0704% /8h

Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.056% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.078% in total, about +0.0037%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.047%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

edgeXGate

HOOD on 39 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

• !
  Watch: Thin at this size13.6 / 24.1 bp

  At $10k entering Gate costs 24.1 bp, fee and slippage, 1.8× edgeX’s.
• i
  Note: Margin at max leverage$1,000 + $200

  edgeX 10x, Gate 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long edgeX · 4h−$21.12

  Short Gate · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$21.12Long edgeX: 6 payments, −$21.12; short Gate: 3 payments, $0.00.
• !
  Watch: Gap narrower than usual+0.047% vs +0.103%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$283K vs $1.7M OI

  edgeX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legedgeX points

  Volume here counts toward the points program.
• !
  Watch: KYCedgeX No · Gate Yes

  KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0037%/8h × 21 periods+$7.82

Price spread+0.047% → +0.103% (7d avg)−$5.62

Slippage, 4 orderslive order books−$44.81

Fee edgeX bp × 2 orders−$9.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$66.60

Costs to cover0.688%Break-even66.6 days

Slippage: edgeX: live order book, 36 min ago; Gate: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGedgeX3.5313.6 bp−$1426.2 bp−$262doesn’t fitdoesn’t fit

SELL · SHORTGate3.5324.1 bp−$2471.4 bp−$714doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

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Tell me when it goes above%/8hNot more often than everymin

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HOOD news

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10-28 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43	RISEx	Points	Print Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 13:30	Vest Markets	Other	Trade $HOOD post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-28 13:30	Vest Markets	Other	$HOOD reported Q3 results after yesterday's close, with event contracts revenue up over 6x YoY to $173M. → Revenue: record $1.42B, up 12% YoY, vs. $1.43B consensus → Diluted EPS: $0.51 vs. $0.55 expected → Net deposits: $16B | Gold subscribers: record 5.2M At the open, $HOOD is down around 4.6%, with crypto revenue down 55% to $120M in the quarter. Options revenue rose 31% to $399M and equities revenue 41% to $121M, with 14 Robinhood business lines now at $100M or more in annualized revenue. @VestExchange on X ↗
10-27 23:59	Markets by Kinetiq	Other	Trade $HOOD 24/7: @Markets_xyz on X ↗
10-27 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗