Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0217%/8h= −23.7% APRpaid last 24h −0.033%

Price spread now: Polymarket Perps against Orderly−0.173%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 Polymarket Perps

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.173% cheaper against Orderly than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	121.46	0.0100	pay 0.0100% / 8h	4h 18m	$2K	$2K	10x
Short	Polymarket Perps HOOD-USD	121.25	−0.0117	pay 0.0015% / 1h	18m 14s	$252K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$45.48
Price spread: −0.173% → 0.000%: −$17.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$76.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 39 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 Polymarket Perps live order book, 39 min ago	2.88 bp	6.9 bp −$7	7.3 bp −$73	8.8 bp −$882	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	121.28	−0.148%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USDshort	−0.0117%	1h	121.25	−0.173%	$252K	$344K	10x
Gate HOOD_USDT	−0.0057%	8h	121.53	+0.058%	$576K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.47	+0.006%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.43	−0.027%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.48	+0.016%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.48	+0.016%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.46	0.000%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.44	−0.015%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.50	+0.033%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.56	+0.084%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.60	+0.116%	$858K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.47	+0.008%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	121.35	−0.091%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.44	−0.016%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.46	−0.002%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.45	−0.008%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.40	−0.049%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.44	−0.013%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.45	−0.008%	$1.2M	$1.5M	15x	as long as short
edgeX HOODUSDC	+0.0094%	4h	121.55	+0.076%	$366K	$304K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.296%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.41	−0.038%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.50	+0.033%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.57	+0.091%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	121.46	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.41	−0.038%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.59	+0.107%	$174K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.59	+0.107%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0327%	1h	121.49	+0.025%	$6K	$56K	10x	as long as short