Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%

Price spread now: RISEx against Extended+0.047%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Extended Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 5 days (all we have)+0.158%+$16 · spread now +0.047%, 7d avg +0.077%

Together, before fees+0.308%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.030% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HOOD_24_5-USD	121.12	0	get 0.0000% / 1h	18m 05s	$360K	$1.4M	10x
Short	RISEx HOOD/USDC	121.17	0	get 0.0000% / 1h	18m 05s	$383K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.077%: −$3.04
Slippage, 4 orders: −$22.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$36.65
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago	3.76 bp	12.6 bp −$13	82.3 bp −$823	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.82 bp	3.8 bp −$4	5.3 bp −$53	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	120.89	−0.188%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0127%	8h	121.22	+0.084%	$572K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0111%	8h	121.23	+0.092%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.15	+0.025%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USDlong	0.0000%	1h	121.12	long leg	$360K	$1.4M	10x
Binance HOODUSDT	0.0000%	8h	121.14	+0.021%	$20.8M	$91.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.19	+0.059%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.16	+0.035%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDCshort	0.0000%	1h	121.17	+0.047%	$383K	$1.4M	10x
Variational Omni HOOD	0.0000%	8h	121.18	+0.050%	$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	121.17	+0.043%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.23	+0.092%	$992K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.97	−0.122%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.16	+0.035%	$1.3M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.08	−0.031%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.10	−0.015%	$51.3M	$28.4M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.99	−0.106%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.16	+0.038%	$728	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.12	+0.002%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.16	+0.031%	$68K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.17	+0.043%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.06	−0.048%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.13	+0.010%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.10	−0.012%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.015%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.18	+0.051%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.97	−0.122%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0160%	1h	121.11	−0.008%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0163%	1h	121.08	−0.031%	$6K	$54K	10x	as long as short
edgeX HOODUSDC	+0.0547%	4h	121.10	−0.012%	$364K	$304K	10x	as long as short