Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGGate▾Gate 0.0000%

⇄⇅

SHORTedgeX▾edgeX +0.0186%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateHOOD_USDT	84.870	0	0.0000% / 8h	16m 22s	$1.7M	$3.8M	50x	Long Gate
SHORT	edgeXHOODUSDC	84.840	+0.0186	get 0.0093% / 4h	16m 22s	$283K	$206K	10x	Short edgeX

Price gap−0.035%

Funding gap+0.0186% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.068% above its 7d average: +$7 more if it goes back.

The current funding rate is far above 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−0.035%

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

GateedgeX

HOOD on 39 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size23.6 / 9.0 bp

  At $10k entering Gate costs 23.6 bp, fee and slippage, 2.6× edgeX’s.
• i
  Note: Margin at max leverage$200 + $1,000

  Gate 50x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 4h

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

  Long Gate · 8h$0.00

  Short edgeX · 4h+$5.59

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

  Next 24h at the current rates, on $10k a leg: +$5.59Long Gate: 3 payments, $0.00; short edgeX: 6 payments, +$5.59.
• ✓
  OK: Entry gap works for you−0.035% vs −0.103%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short 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: KYCGate Yes · edgeX No

  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−0.035% → −0.103% (7d avg)+$6.78

Slippage, 4 orderslive order books−$45.11

Fee Gate bp × 2 orders−$15.00

Fee edgeX bp × 2 orders−$9.00

Net · 7 days · $10k−$70.15

Costs to cover0.691%Break-evennever at this rate

Slippage: Gate: live order book, 2 min ago; edgeX: live order book, 27 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGate4.1123.6 bp−$2458.0 bp−$580doesn’t fitdoesn’t fit

SELL · SHORTedgeX3.539.0 bp−$921.8 bp−$218doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

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

Create alert

FundingPrice spread

I'm in

HOOD news

posts that mention HOOD or Robinhood Markets, from every exchange

Search all news →

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 ↗