Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%

Price spread now: Gate against Phemex+0.016%7-day average −0.004% · you sell dearer than you buy

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

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.016%, 7d avg −0.004%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex HOODUSDT	121.80	0	get 0.0000% / 8h	5h 08m	$996K	$8K	10x
Short	Gate HOOD_USDT	121.82	0	get 0.0000% / 8h	5h 08m	$579K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.004%: $2.08
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.92
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 39 min ago; Gate: live order book, 5 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 Phemex live order book, 39 min ago	2.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.28 bp	19.1 bp −$19	67.2 bp −$672	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
Polymarket Perps HOOD-USD	−0.0104%	1h	121.60	−0.164%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.79	−0.008%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.73	−0.057%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.78	−0.018%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.80	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.76	−0.033%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.80	0.000%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDTshort	0.0000%	8h	121.82	+0.016%	$579K	$7.7M	50x
Bitget HOODUSDT	0.0000%	8h	121.81	+0.008%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.77	−0.028%	$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	121.84	+0.033%	$861K	$2.0M	10x	as long as short
Phemex HOODUSDTlong	0.0000%	8h	121.80	long leg	$996K	$8K	10x
QFEX HOOD-USD	+0.0024%	1h	121.78	−0.016%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.61	−0.156%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.75	−0.041%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.71	−0.074%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.76	−0.030%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.63	−0.140%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.213%	$194K	$1.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0079%	1h	121.80	0.000%	$7K	$68K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.76	−0.033%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.83	+0.025%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.69	−0.090%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.80	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.77	−0.026%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	121.78	−0.012%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.79	−0.008%	$175K	$162K	20x	as long as short
edgeX HOODUSDC	+0.0155%	4h	121.76	−0.033%	$366K	$304K	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.82	+0.016%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.361%	$58K	$57K	30x	as long as short