Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.021%

Price spread now: Extended against Orderly−0.021%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.021% cheaper against Orderly than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 46 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	123.63	0.0100	pay 0.0100% / 8h	2h 01m	$2K	$2K	10x
Short	Extended HOOD_24_5-USD	123.60	0.0136	get 0.0017% / 1h	1m 24s	$419K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $7.56
Price spread: −0.021% → 0.000%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$5.5
Costs to cover: 0.110%
Break-even: 12.1 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago	4.21 bp	13.5 bp −$13	123.9 bp −$1,239	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
Aster HOODUSDT	0.0000%	8h	123.64	+0.011%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.56	−0.057%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.60	−0.024%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.57	−0.049%	$554K	$7.9M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.63	0.000%	$1.0M	$8K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0002%	1h	123.43	−0.162%	$263K	$320K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.081%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0006%	8h	123.57	−0.049%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOOD	+0.0015%	8h	123.63	0.000%	$2.4M	$1.0M	—	as long as short
Lighter HOOD	+0.0032%	1h	123.51	−0.095%	$3.0M	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0046%	1h	123.43	−0.162%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.57	−0.049%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.55	−0.065%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.59	−0.032%	$1.3M	$4.1M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0090%	8h	123.60	−0.024%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.45	−0.143%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.61	−0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.50	−0.105%	$45K	$236K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	123.63	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	123.60	−0.023%	$16K	—	10x	as long as short
Extended HOOD_24_5-USDshort	+0.0136%	1h	123.60	−0.021%	$419K	$1.2M	10x
Binance HOODUSDT	+0.0139%	8h	123.62	−0.012%	$23.8M	$84.3M	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.178%	$196K	$1.8M	10x	as long as short
edgeX HOODUSDC	+0.0217%	4h	123.62	−0.012%	$372K	$307K	10x	as long as short
BloFin HOOD-USDT	+0.0258%	8h	123.64	+0.008%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0270%	1h	123.57	−0.049%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.60	−0.024%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.58	−0.036%	$418K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.52	−0.089%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0884%	1h	123.63	0.000%	$6K	$84K	10x	as long as short