Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0546%/8h= +59.8% APRpaid last 24h +0.033%

Price spread now: RISEx against Gate+0.017%7-day average +0.037% · 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−$41as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.198%+$20 on $10k

Price spread, last 5 days (all we have)+0.141%+$14 · spread now +0.017%, 7d avg +0.037%

Together, before fees+0.339%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.037%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day). At the pace of the last 4 days (+0.198% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.198% in total (about 19.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	120.68	−0.0181	get 0.0181% / 8h	1h 27m	$599K	$7.7M	50x
Short	RISEx HOOD/USDC	120.70	0.0365	get 0.0046% / 1h	27m 54s	$373K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.017%Rate

Funding earned: $114.64
Price spread: +0.017% → +0.037%: −$2.06
Slippage, 4 orders: −$17.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $73.91
Costs to cover: 0.387%
Break-even: 2.5 days

Slippage from Gate: live order book, just now; 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 Gate live order book, just now	4.14 bp	13.6 bp −$14	58.6 bp −$586	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.66 bp	4.7 bp −$5	5.7 bp −$57	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	−0.0392%	1h	120.34	−0.282%	$57K	$57K	30x	as long as short
Gate HOOD_USDTlong	−0.0181%	8h	120.68	long leg	$599K	$7.7M	50x
Bitget HOODUSDT	−0.0175%	8h	120.75	+0.058%	$5.4M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.69	+0.004%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.63	−0.038%	$356K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.68	0.000%	$20.8M	$92.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.64	−0.033%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.67	−0.008%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.067%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.60	−0.066%	$852K	$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
Phemex HOODUSDT	0.0000%	8h	120.66	−0.017%	$987K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.45	−0.191%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.54	−0.116%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.45	−0.191%	$250K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.64	−0.033%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.52	−0.133%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.62	−0.050%	$1.3M	$2.9M	10x	as long as short
Lighter HOOD	+0.0080%	1h	120.64	−0.031%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0082%	1h	120.60	−0.066%	$6K	$52K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0084%	1h	120.60	−0.066%	$51.3M	$27.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.64	−0.033%	$67K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.67	−0.008%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.54	−0.116%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.61	−0.058%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.63	−0.042%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.66	−0.017%	$174K	$160K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.066%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.62	−0.050%	$28K	$238K	10x	as long as short
RISEx HOOD/USDCshort	+0.0365%	1h	120.70	+0.017%	$373K	$1.4M	10x
edgeX HOODUSDC	+0.0390%	4h	120.58	−0.080%	$363K	$305K	10x	as long as short