Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.020%

Price spread now: Extended against GRVT−0.085%92s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.399% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.567%−$57 · spread now −0.085%, 7d avg −0.050%

Together, before fees−0.507%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.035% cheaper against GRVT than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.050%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.060% in total) that is about 4.1 days. The two prices were read 92 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	GRVT HOOD_USDT_Perp	123.26	0.0004	pay 0.0004% / 8h	1h 16m	$867K	$2.1M	10x
Short	Extended HOOD_24_5-USD	123.16	0.0080	get 0.0010% / 1h	16m 00s	$417K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.085%Rate

Funding earned: $15.96
Price spread: −0.085% → −0.050%: −$3.55
Slippage, 4 orders: −$25.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.45
Costs to cover: 0.399%
Break-even: 19.0 days

Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 2 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 GRVT live order book, 3 min ago	0.41 bp	9.6 bp −$10	23.0 bp −$230	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.96 bp	12.2 bp −$12	102.7 bp −$1,027	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	−0.0103%	1h	123.01	−0.204%	$263K	$322K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.25	−0.008%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.16	−0.082%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.20	−0.050%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.19	−0.058%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.23	−0.025%	$562K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.18	−0.066%	$5.6M	$9.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.33	+0.060%	$2.4M	$1.0M	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	123.19	−0.058%	$6K	$80K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.18	−0.066%	$1.0M	$8K	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_Perplong	+0.0004%	8h	123.26	long leg	$867K	$2.1M	10x
Lighter HOOD	+0.0032%	1h	123.15	−0.090%	$2.9M	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.10	−0.131%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.16	−0.085%	$739	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.10	−0.131%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.19	−0.058%	$1.3M	$4.1M	10x	as long as short
Binance HOODUSDT	+0.0079%	8h	123.18	−0.063%	$23.7M	$83.9M	20x	as long as short
Extended HOOD_24_5-USDshort	+0.0080%	1h	123.16	−0.085%	$417K	$1.2M	10x
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.204%	$190K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.17	−0.078%	$80K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.25	−0.009%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.26	−0.001%	$5K	$132K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.24	−0.017%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.15	−0.090%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0131%	1h	123.15	−0.090%	$52.9M	$29.5M	10x	as long as short
edgeX HOODUSDC	+0.0140%	4h	123.33	+0.058%	$371K	$307K	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.11	−0.123%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0202%	8h	123.24	−0.017%	$186K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.34	+0.064%	$63K	$50K	30x	as long as short
Phoenix HOOD	+0.0388%	1h	123.26	−0.001%	$28K	$188K	10x	as long as short