Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h −0.037%

Price spread now: QFEX against OKX+0.016%7-day average −0.049% · 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−$32as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.016%, 7d avg −0.049%

Together, before fees−0.043%−$4 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 QFEX is 0.066% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HOOD-USDT-SWAP	123.43	0	get 0.0000% / 8h	1h 48m	$3.0M	$5.7M	20x
Short	QFEX HOOD-USD	123.45	0.0057	get 0.0007% / 1h	48m 10s	$1.3M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $11.88
Price spread: +0.016% → −0.049%: $6.55
Slippage, 4 orders: −$18.16
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.73
Costs to cover: 0.382%
Break-even: 18.6 days

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago	1.21 bp	11.5 bp −$12	21.0 bp −$210	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.62 bp	6.6 bp −$7	10.3 bp −$103	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	−0.0012%	1h	123.24	−0.154%	$263K	$321K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.45	+0.015%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.36	−0.057%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	123.43	long leg	$3.0M	$5.7M	20x
RISEx HOOD/USDC	0.0000%	1h	123.45	+0.018%	$402K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.40	−0.024%	$553K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.39	−0.032%	$5.7M	$9.1M	20x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.43	0.000%	$1.0M	$8K	10x	as long as short
Variational Omni HOOD	+0.0010%	8h	123.51	+0.068%	$2.4M	$1.0M	—	as long as short
edgeX HOODUSDC	+0.0017%	4h	123.52	+0.070%	$372K	$307K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter HOOD	+0.0032%	1h	123.31	−0.093%	$3.0M	$2.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.30	−0.105%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.39	−0.036%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.38	−0.041%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USDshort	+0.0057%	1h	123.45	+0.016%	$1.3M	$4.1M	10x
GRVT HOOD_USDT_Perp	+0.0079%	8h	123.54	+0.089%	$869K	$2.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.27	−0.130%	$196K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.41	−0.017%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.45	+0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.45	+0.016%	$41K	$234K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.43	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.42	−0.012%	$16K	—	10x	as long as short
Extended HOOD_24_5-USD	+0.0128%	1h	123.41	−0.015%	$417K	$1.2M	10x	as long as short
Binance HOODUSDT	+0.0128%	8h	123.43	0.000%	$23.8M	$84.2M	20x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.45	+0.016%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0188%	1h	123.39	−0.032%	$53.0M	$29.6M	10x	as long as short
BloFin HOOD-USDT	+0.0249%	8h	123.46	+0.024%	$187K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.41	−0.016%	$63K	$50K	30x	as long as short
Phoenix HOOD	+0.0388%	1h	123.53	+0.081%	$28K	$188K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0967%	1h	123.44	+0.008%	$6K	$82K	10x	as long as short