Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0567%/8h= +62.1% APRpaid last 24h +0.105%

Price spread now: edgeX against Pacifica−0.051%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.051%, 7d avg +0.035%

Together, before fees+0.293%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.086% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.035%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.177% in total) that is about 3.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HOOD	120.76	0.0100	pay 0.0013% / 1h	35m 10s	$67K	$107K	10x
Short	edgeX HOODUSDC	120.70	0.0667	get 0.0334% / 4h	2h 35m	$363K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. 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 PacificabpFee edgeXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $119.1
Price spread: −0.051% → +0.035%: −$8.56
Slippage, 4 orders: −$24.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $69.19
Costs to cover: 0.413%
Break-even: 2.9 days

Slippage from Pacifica: live order book, 12 min ago; edgeX: live order book, 13 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 Pacifica live order book, 12 min ago	2.77 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 13 min ago	5.78 bp	11.1 bp −$11	20.9 bp −$209	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
Injective HOOD/USDC PERP	−0.0440%	1h	120.35	−0.342%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0222%	8h	120.81	+0.039%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0165%	8h	120.79	+0.022%	$579K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0042%	1h	120.59	−0.143%	$250K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.79	+0.024%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.76	−0.001%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.74	−0.020%	$20.6M	$91.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.74	−0.019%	$3.7M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.75	−0.011%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.71	−0.047%	$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	120.77	+0.006%	$853K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.78	+0.014%	$988K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0013%	1h	120.60	−0.135%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.76	−0.002%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.62	−0.118%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.72	−0.036%	$51.1M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.76	−0.003%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.58	−0.151%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	120.80	+0.031%	$1.3M	$3.0M	10x	as long as short
Pacifica HOODlong	+0.0100%	1h	120.76	long leg	$67K	$107K	10x
KuCoin HOODUSDTM	+0.0100%	8h	120.78	+0.014%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.67	−0.077%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.79	+0.022%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.76	−0.006%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	120.82	+0.044%	$421K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.80	+0.031%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.61	−0.127%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.48	−0.234%	$192K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0330%	1h	120.77	+0.006%	$6K	$55K	10x	as long as short
edgeX HOODUSDCshort	+0.0667%	4h	120.70	−0.051%	$363K	$304K	10x