Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: GRVT against OKX+0.160%61s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$470.474% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.160%, 7d avg −0.006%

Together, before fees−0.233%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.166% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 61 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	OKX HOOD-USDT-SWAP	121.61	0	get 0.0000% / 8h	5h 06m	$2.7M	$6.1M	20x
Short	GRVT HOOD_USDT_Perp	121.80	0	get 0.0000% / 8h	5h 06m	$861K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.006%: $16.57
Slippage, 4 orders: −$28.45
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$30.88
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; GRVT: 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 OKX live order book, 1 min ago	0.82 bp	11.8 bp −$12	28.0 bp −$280	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.41 bp	9.7 bp −$10	19.1 bp −$191	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	121.51	−0.082%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.73	+0.099%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.63	+0.015%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.66	+0.045%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.61	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	121.61	long leg	$2.7M	$6.1M	20x
RISEx HOOD/USDC	0.0000%	1h	121.65	+0.033%	$383K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.72	+0.090%	$579K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.69	+0.066%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.77	+0.128%	$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_Perpshort	0.0000%	8h	121.80	+0.160%	$861K	$2.0M	10x
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.73	+0.099%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.77	+0.132%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.66	+0.041%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.54	−0.058%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.71	+0.082%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.58	−0.025%	$51.9M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.73	+0.101%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.61	0.000%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.058%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.65	+0.032%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.74	+0.107%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.72	+0.090%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.76	+0.123%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.73	+0.099%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	121.66	+0.039%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.77	+0.132%	$175K	$162K	20x	as long as short
edgeX HOODUSDC	+0.0146%	4h	121.80	+0.156%	$367K	$304K	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.82	+0.173%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.206%	$58K	$57K	30x	as long as short