Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.061%

Price spread now: RISEx against KuCoin+0.019%7-day average +0.056% · 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−$117as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.192%+$19 on $10k

Price spread, last 5 days (all we have)+0.079%+$8 · spread now +0.019%, 7d avg +0.056%

Together, before fees+0.271%+$27 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 RISEx is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.192%, 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	121.59	0.0100	pay 0.0100% / 8h	4h 08m	$1.3M	$1.2M	20x
Short	RISEx HOOD/USDC	121.61	0	get 0.0000% / 1h	8m 10s	$397K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$21
Price spread: +0.019% → +0.056%: −$3.72
Slippage, 4 orders: −$94.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$137.56
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; 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 KuCoin live order book, 7 min ago	2.06 bp	66.2 bp −$66	433.2 bp −$4,332	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.82 bp	3.8 bp −$4	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	−0.0440%	1h	121.28	−0.255%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0106%	1h	121.42	−0.140%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0070%	8h	121.67	+0.066%	$577K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.59	−0.002%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.56	−0.028%	$361K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.59	+0.003%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.60	+0.008%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.59	0.000%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDCshort	0.0000%	1h	121.61	+0.019%	$397K	$1.4M	10x
Bitget HOODUSDT	0.0000%	8h	121.60	+0.008%	$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	121.52	−0.060%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	−0.058%	$857K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.58	−0.008%	$6K	$56K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.58	−0.008%	$995K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.46	−0.107%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.62	+0.025%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.59	+0.003%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.48	−0.090%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.56	−0.025%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.57	−0.014%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.48	−0.090%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.403%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.60	+0.008%	$68K	$107K	10x	as long as short
KuCoin HOODUSDTMlong	+0.0100%	8h	121.59	long leg	$1.3M	$1.2M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.43	−0.132%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.60	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.58	−0.008%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.60	+0.008%	$175K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	−0.090%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0257%	4h	121.51	−0.062%	$366K	$304K	10x	as long as short