Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.066%

Price spread now: GRVT against Phoenix−0.005%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now −0.005%, 7d avg +0.007%

Together, before fees+0.266%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% 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	Phoenix HOOD	121.81	0.0261	pay 0.0033% / 1h	43m 20s	$28K	$237K	10x
Short	GRVT HOOD_USDT_Perp	121.80	0	get 0.0000% / 8h	6h 43m	$852K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phoenix. 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 PhoenixbpFee GRVTbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$54.9
Price spread: −0.005% → +0.007%: −$1.18
Slippage, 4 orders: −$26.87
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$98.96
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Phoenix: live order book, 19 min ago; GRVT: live order book, 5 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 Phoenix live order book, 19 min ago	4.08 bp	12.5 bp −$12	27.4 bp −$274	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.41 bp	8.5 bp −$9	21.6 bp −$216	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	121.66	−0.123%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.86	+0.043%	$107K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.79	−0.017%	$361K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.80	−0.010%	$21.2M	$90.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.84	+0.025%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.76	−0.041%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.83	+0.016%	$374K	$1.3M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.87	+0.049%	$563K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.88	+0.057%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.75	−0.052%	$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_Perpshort	0.0000%	8h	121.80	−0.005%	$852K	$2.0M	10x
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.81	0.000%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.77	−0.033%	$996K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.80	−0.011%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.82	+0.008%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0035%	1h	121.66	−0.123%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.85	+0.033%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.77	−0.034%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.77	−0.033%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.72	−0.074%	$197K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0096%	1h	121.84	+0.025%	$52.6M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.86	+0.041%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.88	+0.057%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.81	0.000%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.81	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.77	−0.033%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.156%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.353%	$58K	$57K	30x	as long as short
Phoenix HOODlong	+0.0261%	1h	121.81	long leg	$28K	$237K	10x
edgeX HOODUSDC	+0.0752%	4h	121.87	+0.046%	$367K	$306K	10x	as long as short