Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.034%

Price spread now: Polymarket Perps against KuCoin−0.189%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days+0.154%+$15 · spread now −0.189%, 7d avg −0.143%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.143%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HOODUSDTM	121.53	0.0100	pay 0.0100% / 8h	4h 12m	$1.3M	$1.2M	20x
Short	Polymarket Perps HOOD-USD	121.30	−0.0104	pay 0.0013% / 1h	12m 23s	$252K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$42.81
Price spread: −0.189% → −0.143%: −$4.6
Slippage, 4 orders: −$100.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$167.84
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Polymarket Perps: live order book, 45 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, 3 min ago	2.06 bp	66.2 bp −$66	433.2 bp −$4,332	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 45 min ago	2.88 bp	6.9 bp −$7	7.3 bp −$73	8.8 bp −$882	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	121.28	−0.206%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USDshort	−0.0104%	1h	121.30	−0.189%	$252K	$344K	10x
Gate HOOD_USDT	−0.0062%	8h	121.54	+0.008%	$577K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.48	−0.043%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.48	−0.042%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.52	−0.007%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.50	−0.025%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.54	+0.008%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.50	−0.021%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.56	+0.025%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.51	−0.013%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	−0.008%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.50	−0.025%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.30	−0.189%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.48	−0.041%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.44	−0.078%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.082%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.47	−0.049%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.49	−0.030%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.37	−0.132%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.354%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.47	−0.047%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTMlong	+0.0100%	8h	121.53	long leg	$1.3M	$1.2M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.48	−0.041%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.47	−0.049%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.46	−0.057%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.52	−0.008%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.41	−0.099%	$27K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0656%	1h	121.49	−0.033%	$6K	$56K	10x	as long as short
edgeX HOODUSDC	+0.0768%	4h	121.50	−0.028%	$366K	$306K	10x	as long as short