Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.015%

Price spread now: Coinbase International against Orderly−0.174%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.174% cheaper against Orderly than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	120.69	0.0100	pay 0.0100% / 8h	2h 29m	$2K	$2K	10x
Short	Coinbase International HOOD-PERP-INTX	120.48	0.0184	get 0.0023% / 1h	29m 38s	$192K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.174%Rate

Funding earned: $17.64
Price spread: −0.174% → 0.000%: −$17.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.76
Costs to cover: 0.160%
Break-even: 13.3 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	5.39 bp	11.2 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit

Orderly: 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
Injective HOOD/USDC PERP	−0.0440%	1h	120.35	−0.282%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0253%	8h	120.73	+0.033%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0168%	8h	120.68	−0.008%	$578K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0044%	1h	120.50	−0.157%	$250K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.65	−0.036%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.62	−0.060%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.66	−0.025%	$20.6M	$91.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.66	−0.025%	$3.7M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.69	0.000%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.073%	$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	120.59	−0.085%	$843K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.71	+0.017%	$988K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0012%	1h	120.49	−0.166%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.64	−0.041%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.56	−0.108%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.62	−0.058%	$51.1M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.64	−0.039%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.53	−0.133%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	120.65	−0.033%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.63	−0.046%	$67K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.66	−0.025%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.53	−0.133%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	120.69	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	120.68	−0.005%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	120.70	+0.010%	$422K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.64	−0.041%	$175K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.64	−0.041%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0184%	1h	120.48	−0.174%	$192K	$1.8M	10x
Deribit HOOD_USDC-PERPETUAL	+0.0579%	1h	120.73	+0.033%	$6K	$55K	10x	as long as short
edgeX HOODUSDC	+0.0777%	4h	120.55	−0.113%	$363K	$305K	10x	as long as short