Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.024%

Price spread now: Gate against Ondo Perps+0.255%7-day average +0.096% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.015%+$2 · spread now +0.255%, 7d avg +0.096%

Together, before fees−0.055%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.159% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of +0.096%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HOOD-USD.P	121.63	0.0050	pay 0.0006% / 1h	10m 29s	$1.2M	$1.5M	15x
Short	Gate HOOD_USDT	121.94	0	get 0.0000% / 8h	5h 10m	$580K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee GatebpOrdersPrice spread, now +0.255%Rate

Funding earned: −$10.58
Price spread: +0.255% → +0.096%: $15.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.28 bp	19.1 bp −$19	67.2 bp −$672	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0108%	1h	121.66	+0.025%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.82	+0.157%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.90	+0.221%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.92	+0.238%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.90	+0.222%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.92	+0.238%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.91	+0.226%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDTshort	0.0000%	8h	121.94	+0.255%	$580K	$7.7M	50x
Bitget HOODUSDT	0.0000%	8h	121.92	+0.238%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.77	+0.112%	$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_Perp	0.0000%	8h	121.78	+0.122%	$861K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.85	+0.181%	$997K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.84	+0.173%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.65	+0.016%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.73	+0.082%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.81	+0.148%	$52.1M	$28.2M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.77	+0.112%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.Plong	+0.0050%	1h	121.63	long leg	$1.2M	$1.5M	15x
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.074%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.90	+0.220%	$68K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.82	+0.156%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.69	+0.049%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.78	+0.123%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.74	+0.090%	$16K	—	10x	as long as short
Lighter HOOD	+0.0120%	1h	121.88	+0.206%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.84	+0.173%	$176K	$162K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.75	+0.099%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.222%	$58K	$57K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0572%	1h	121.74	+0.090%	$7K	$68K	10x	as long as short
edgeX HOODUSDC	+0.0808%	4h	121.76	+0.104%	$366K	$303K	10x	as long as short