Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.013%

Price spread now: QFEX against GRVT−0.272%57s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$310.311% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days+0.222%+$22 · spread now −0.272%, 7d avg −0.046%

Together, before fees+0.258%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.225% cheaper against GRVT than usual: you would sell low and buy high (spread −0.272% now, against its 7-day average of −0.046%). If the spread goes back, that is −$23 on $10k: about 35 days of funding at the current rate (+$1 a day). The two prices were read 57 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	121.50	0	get 0.0000% / 8h	3h 48m	$850K	$2.0M	10x
Short	QFEX HOOD-USD	121.17	0.0022	get 0.0003% / 1h	48m 14s	$1.3M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $4.55
Price spread: −0.272% → −0.046%: −$22.54
Slippage, 4 orders: −$12.12
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.1
Costs to cover: 0.311%
Break-even: 82.5 days

Slippage from GRVT: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago	0.41 bp	9.4 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.65 bp	6.6 bp −$7	9.5 bp −$95	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	−0.0440%	1h	121.21	−0.239%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0094%	8h	121.33	−0.140%	$574K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.32	−0.146%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.28	−0.184%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.31	−0.156%	$20.8M	$91.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.33	−0.140%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.29	−0.173%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.26	−0.201%	$389K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.36	−0.115%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.29	−0.170%	$2.3M	$1.1M	—	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	0.0000%	8h	121.50	long leg	$850K	$2.0M	10x
Phemex HOODUSDT	0.0000%	8h	121.29	−0.173%	$992K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.04	−0.379%	—	$63K	25x	as long as short
QFEX HOOD-USDshort	+0.0022%	1h	121.17	−0.272%	$1.3M	$3.5M	10x
Polymarket Perps HOOD-USD	+0.0034%	1h	121.11	−0.321%	$251K	$344K	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.22	−0.230%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.24	−0.214%	$51.5M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.21	−0.239%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.15	−0.288%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.16	−0.277%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.35	−0.123%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.41	−0.074%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.32	−0.148%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.27	−0.187%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.329%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.24	−0.214%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.24	−0.214%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0216%	1h	121.31	−0.152%	$2.8M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0327%	1h	121.31	−0.156%	$6K	$57K	10x	as long as short
edgeX HOODUSDC	+0.0560%	4h	121.49	−0.008%	$366K	$304K	10x	as long as short