Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.013%

Price spread now: Gate against Extended+0.077%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.077%, 7d avg +0.042%

Together, before fees−0.174%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.036% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.042%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HOOD_24_5-USD	121.20	0	get 0.0000% / 1h	50m 28s	$357K	$1.4M	10x
Short	Gate HOOD_USDT	121.29	−0.0096	pay 0.0096% / 8h	3h 50m	$575K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.077%Rate

Funding earned: −$20.16
Price spread: +0.077% → +0.042%: $3.57
Slippage, 4 orders: −$35.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.76
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Gate: live order book, 3 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 Extended live order book, 3 min ago	7.50 bp	11.5 bp −$12	47.0 bp −$470	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.88 bp	14.6 bp −$15	50.4 bp −$504	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
Injective HOOD/USDC PERP	−0.0440%	1h	121.21	+0.011%	$58K	$57K	30x	as long as short
Gate HOOD_USDTshort	−0.0096%	8h	121.29	+0.077%	$575K	$7.6M	50x
Aster HOODUSDT	0.0000%	8h	121.22	+0.023%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USDlong	0.0000%	1h	121.20	long leg	$357K	$1.4M	10x
Binance HOODUSDT	0.0000%	8h	121.22	+0.020%	$20.8M	$91.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.25	+0.044%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.23	+0.028%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.23	+0.032%	$389K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.26	+0.053%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.29	+0.080%	$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	121.50	+0.251%	$850K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.29	+0.077%	$992K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.07	−0.104%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.23	+0.028%	$1.3M	$3.5M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0027%	1h	121.02	−0.146%	$251K	$344K	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.34	+0.119%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.13	−0.055%	$51.5M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.27	+0.061%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.18	−0.013%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.22	+0.019%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.26	+0.053%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.41	+0.176%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.29	+0.077%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.25	+0.046%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.080%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.33	+0.110%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.47	+0.226%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0224%	1h	121.22	+0.024%	$2.8M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0245%	1h	121.25	+0.044%	$6K	$57K	10x	as long as short
edgeX HOODUSDC	+0.0560%	4h	121.49	+0.242%	$366K	$304K	10x	as long as short