Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.008%

Price spread now: Extended against KuCoin−0.097%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1561.562% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.097%, 7d avg +0.004%

Together, before fees+0.196%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.101% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HOODUSDTM	121.93	0.0100	pay 0.0100% / 8h	6h 16m	$1.3M	$1.1M	20x
Short	Extended HOOD_24_5-USD	121.81	0	get 0.0000% / 1h	16m 04s	$359K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$21
Price spread: −0.097% → +0.004%: −$10.09
Slippage, 4 orders: −$139.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$187.24
Costs to cover: 1.562%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	3.28 bp	86.2 bp −$86	413.6 bp −$4,136	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	3.73 bp	12.5 bp −$13	104.9 bp −$1,049	doesn't fit	doesn't fit

HOOD on 29 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	−0.0127%	1h	121.66	−0.221%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.90	−0.023%	$107K	$274K	20x	as long as short
Extended HOOD_24_5-USDshort	0.0000%	1h	121.81	−0.097%	$359K	$1.4M	10x
Binance HOODUSDT	0.0000%	8h	121.82	−0.090%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.86	−0.057%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.87	−0.049%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.86	−0.059%	$375K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.86	−0.057%	$576K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.88	−0.041%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.84	−0.072%	$2.3M	$1.1M	—	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.81	−0.097%	$854K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.86	−0.057%	$8K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.86	−0.057%	$997K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0028%	1h	121.75	−0.148%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	121.85	−0.066%	$2.9M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.81	−0.098%	$1.3M	$3.9M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.83	−0.082%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.82	−0.092%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.92	−0.008%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.78	−0.123%	$195K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0066%	1h	121.82	−0.090%	$52.4M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.86	−0.058%	$68K	$110K	10x	as long as short
KuCoin HOODUSDTMlong	+0.0100%	8h	121.93	long leg	$1.3M	$1.1M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.78	−0.123%	$5K	$91K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.85	−0.066%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.83	−0.081%	$16K	—	10x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.451%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.96	+0.025%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0462%	4h	121.79	−0.113%	$367K	$305K	10x	as long as short