Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Phemex against Gate+0.057%49s7-day average +0.005% · you sell dearer than you buy

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

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.057%, 7d avg +0.005%

Together, before fees−0.038%−$4 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: Phemex is 0.052% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	123.57	0	get 0.0000% / 8h	2h 05m	$554K	$7.9M	50x
Short	Phemex HOODUSDT	123.64	0	get 0.0000% / 8h	2h 05m	$1.0M	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.005%: $5.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$21.81
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Phemex: live order book, 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 Gate live order book, 3 min ago	2.43 bp	18.4 bp −$18	70.5 bp −$705	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.02 bp	doesn't fit	doesn't fit	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	−0.0009%	1h	123.46	−0.089%	$263K	$320K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.61	+0.031%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.57	0.000%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.61	+0.032%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDTlong	0.0000%	8h	123.57	long leg	$554K	$7.9M	50x
Phemex HOODUSDTshort	0.0000%	8h	123.64	+0.057%	$1.0M	$8K	10x
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.129%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0005%	8h	123.60	+0.024%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOOD	+0.0015%	8h	123.63	+0.048%	$2.4M	$1.0M	—	as long as short
Lighter HOOD	+0.0032%	1h	123.50	−0.053%	$3.0M	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0046%	1h	123.46	−0.089%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.59	+0.019%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.51	−0.049%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.61	+0.032%	$1.3M	$4.1M	10x	as long as short
edgeX HOODUSDC	+0.0093%	4h	123.61	+0.034%	$372K	$306K	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0094%	8h	123.60	+0.028%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.46	−0.087%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.56	−0.008%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.51	−0.049%	$45K	$238K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.56	−0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.57	+0.004%	$16K	—	10x	as long as short
Binance HOODUSDT	+0.0135%	8h	123.62	+0.040%	$23.8M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.62	+0.037%	$419K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.129%	$196K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0256%	8h	123.63	+0.049%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0261%	1h	123.55	−0.016%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.60	+0.024%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.61	+0.032%	$419K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.52	−0.040%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1046%	1h	123.66	+0.073%	$6K	$84K	10x	as long as short