Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against OKX−0.114%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.114%, 7d avg −0.171%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.171%. Mind the row above: over the last 7 days funding on this pair cost −0.282%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HOOD-USDT-SWAP	123.03	0	get 0.0000% / 8h	7h 26m	$2.9M	$5.9M	20x
Short	Polymarket Perps HOOD-USD	122.89	0.0050	get 0.0006% / 1h	26m 13s	$260K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.114%Rate

Funding earned: $10.5
Price spread: −0.114% → −0.171%: $5.68
Slippage, 4 orders: −$20.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.38
Costs to cover: 0.386%
Break-even: 21.9 days

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 46 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, 2 min ago	1.63 bp	12.6 bp −$13	24.8 bp −$248	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	2.85 bp	7.2 bp −$7	8.5 bp −$85	9.9 bp −$988	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
Aster HOODUSDT	0.0000%	8h	122.90	−0.105%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.03	+0.001%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.08	+0.041%	$22.0M	$89.3M	20x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	123.03	long leg	$2.9M	$5.9M	20x
RISEx HOOD/USDC	0.0000%	1h	123.06	+0.020%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.02	−0.008%	$577K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.05	+0.016%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.01	−0.016%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.85	−0.149%	$862K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.06	+0.024%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HOODUSDT	+0.0013%	8h	123.12	+0.073%	$3.9M	$8.7M	25x	as long as short
QFEX HOOD-USD	+0.0014%	1h	123.08	+0.041%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.95	−0.065%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.98	−0.041%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USDshort	+0.0050%	1h	122.89	−0.114%	$260K	$340K	10x
SoDEX HOOD-USD	+0.0050%	1h	123.06	+0.028%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.05	+0.016%	$1.2M	$1.6M	15x	as long as short
Lighter HOOD	+0.0088%	1h	123.06	+0.021%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	122.34	−0.561%	$202K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.06	+0.023%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.00	−0.024%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.86	−0.138%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.02	−0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.04	+0.011%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.15	+0.098%	$181K	$116K	20x	as long as short
edgeX HOODUSDC	+0.0138%	4h	122.91	−0.099%	$370K	$309K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0162%	1h	123.04	+0.008%	$52.9M	$27.8M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	122.96	−0.057%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	−0.122%	$63K	$49K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0319%	1h	123.04	+0.008%	$8K	$69K	10x	as long as short