Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.3% APRpaid last 24h +0.043%

Price spread now: Gate against Polymarket Perps+0.199%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.199%, 7d avg +0.164%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.035% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.164%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.146%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HOOD-USD	120.56	0.0006	pay 0.0001% / 1h	37m 56s	$251K	$345K	10x
Short	Gate HOOD_USDT	120.80	−0.0171	pay 0.0171% / 8h	37m 56s	$599K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.199%Rate

Funding earned: −$37.1
Price spread: +0.199% → +0.164%: $3.48
Slippage, 4 orders: −$32.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.56
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; Gate: live order book, just now.

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 Polymarket Perps live order book, 64 min ago	2.49 bp	7.7 bp −$8	8.1 bp −$81	15.9 bp −$1,586	doesn't fit
Sell Gate live order book, just now	4.14 bp	21.4 bp −$21	178.9 bp −$1,789	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	120.48	−0.066%	$57K	$57K	30x	as long as short
Gate HOOD_USDTshort	−0.0171%	8h	120.80	+0.199%	$599K	$7.6M	50x
Bitget HOODUSDT	−0.0088%	8h	120.81	+0.207%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.76	+0.162%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.72	+0.131%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.75	+0.158%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.73	+0.141%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.75	+0.158%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.85	+0.238%	$2.2M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.87	+0.253%	$854K	$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
Phemex HOODUSDT	0.0000%	8h	120.80	+0.199%	$988K	$8K	10x	as long as short
Polymarket Perps HOOD-USDlong	+0.0006%	1h	120.56	long leg	$251K	$345K	10x
Vest HOOD-USD-PERP	+0.0019%	1h	120.59	+0.025%	—	$63K	25x	as long as short
edgeX HOODUSDC	+0.0027%	4h	120.85	+0.237%	$364K	$303K	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.70	+0.116%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.75	+0.158%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.70	+0.116%	$51.2M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.75	+0.161%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.79	+0.191%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0080%	1h	120.76	+0.167%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.75	+0.156%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.74	+0.149%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.80	+0.199%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.75	+0.158%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.75	+0.155%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.75	+0.158%	$173K	$168K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.67	+0.091%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.79	+0.191%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0413%	1h	120.76	+0.166%	$6K	$52K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.83	+0.221%	$397K	$1.4M	10x	as long as short