Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.133%

Price spread now: Variational Omni against edgeX+0.091%74s7-day average −0.011% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.091%, 7d avg −0.011%

Together, before fees−0.280%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.102% dearer against edgeX than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.011%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 3 days funding on this pair paid +0.079%, so the current rate has only just turned against you. The two prices were read 74 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 3 days it paid 0.079% in total (about 8.3% 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	121.70	0.0436	pay 0.0218% / 4h	1h 12m	$366K	$305K	10x
Short	Variational Omni HOOD	121.81	0	get 0.0000% / 8h	5h 12m	$2.3M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.091%Rate

Funding earned: −$91.51
Price spread: +0.091% → −0.011%: $10.15
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$90.35
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 51 min ago; Variational Omni: RFQ quote, 2 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 edgeX live order book, 51 min ago	6.15 bp	11.4 bp −$11	20.7 bp −$207	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.07 bp	doesn't fit	26.2 bp −$262	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
Polymarket Perps HOOD-USD	−0.0115%	1h	121.52	−0.149%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.72	+0.013%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.71	+0.006%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.75	+0.040%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.72	+0.016%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.78	+0.065%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.72	+0.014%	$381K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.76	+0.048%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.75	+0.040%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOODshort	0.0000%	8h	121.81	+0.091%	$2.3M	$1.1M	—

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	121.73	+0.025%	$860K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.73	+0.024%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.72	+0.016%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.58	−0.099%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.71	+0.007%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.68	−0.017%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.71	+0.007%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.75	+0.040%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.132%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.70	+0.003%	$68K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.73	+0.024%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.67	−0.026%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.73	+0.024%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.70	+0.003%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	121.69	−0.005%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.78	+0.065%	$176K	$162K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.75	+0.040%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.280%	$58K	$57K	30x	as long as short
edgeX HOODUSDClong	+0.0436%	4h	121.70	long leg	$366K	$305K	10x
Deribit HOOD_USDC-PERPETUAL	+0.0490%	1h	121.73	+0.024%	$7K	$68K	10x	as long as short