Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.013%

Price spread now: Extended against Gate+0.005%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$550.549% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.005%, 7d avg −0.027%

Together, before fees+0.141%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	123.18	0	get 0.0000% / 8h	1h 27m	$557K	$7.8M	50x
Short	Extended HOOD_24_5-USD	123.19	0.0104	get 0.0013% / 1h	27m 22s	$417K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.005%Rate

Funding earned: $21.84
Price spread: +0.005% → −0.027%: $3.2
Slippage, 4 orders: −$34.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.87
Costs to cover: 0.549%
Break-even: 16.6 days

Slippage from Gate: live order book, 1 min ago; Extended: 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 Gate live order book, 1 min ago	0.41 bp	11.7 bp −$12	64.7 bp −$647	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	3.74 bp	12.3 bp −$12	95.3 bp −$953	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	−0.0066%	1h	122.97	−0.170%	$262K	$321K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.20	+0.014%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.15	−0.024%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.17	−0.008%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.16	−0.015%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDTlong	0.0000%	8h	123.18	long leg	$557K	$7.8M	50x
Bitget HOODUSDT	0.0000%	8h	123.14	−0.032%	$5.6M	$9.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.17	−0.008%	$2.4M	$1.0M	—	as long as short
Phemex HOODUSDT	0.0000%	8h	123.18	0.000%	$1.0M	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	123.09	−0.071%	$2.9M	$2.1M	10x	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	+0.0035%	8h	123.17	−0.008%	$866K	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.05	−0.106%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.17	−0.008%	$739	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.02	−0.130%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.15	−0.024%	$1.3M	$4.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.138%	$190K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.08	−0.079%	$80K	$104K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.22	+0.032%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.18	0.000%	$5K	$132K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.17	−0.008%	$2K	$2K	10x	as long as short
Binance HOODUSDT	+0.0103%	8h	123.20	+0.017%	$23.7M	$84.0M	20x	as long as short
Extended HOOD_24_5-USDshort	+0.0104%	1h	123.19	+0.005%	$417K	$1.2M	10x
Aevo HOOD-PERP	+0.0104%	1h	123.18	0.000%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0159%	1h	123.17	−0.008%	$52.9M	$29.6M	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.09	−0.073%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0227%	8h	123.24	+0.049%	$187K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.34	+0.130%	$63K	$50K	30x	as long as short
edgeX HOODUSDC	+0.0360%	4h	123.16	−0.015%	$371K	$306K	10x	as long as short
Phoenix HOOD	+0.0388%	1h	123.20	+0.016%	$28K	$188K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0400%	1h	123.24	+0.049%	$6K	$80K	10x	as long as short