Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGPopdex▾edgeX −0.0525%Aster 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%Phemex 0.0000%Binance +0.0008%Extended +0.0008%Deribit +0.0008%Lighter +0.0032%BloFin +0.0036%OKX +0.0039%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%QFEX +0.0073%Injective +0.0086%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%GRVT +0.0115%tradeXYZ +0.0176%Bybit +0.0215%RISEx +0.0333%Phoenix +0.0344%Bitget +0.0390%Arcus +0.0872%

⇄⇅

SHORTCoinbase International▾Arcus +0.0872%Bitget +0.0390%Phoenix +0.0344%RISEx +0.0333%Coinbase International +0.0232%Bybit +0.0215%tradeXYZ +0.0176%GRVT +0.0115%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Injective +0.0086%QFEX +0.0073%Ondo Perps +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Vest Markets +0.0046%OKX +0.0039%BloFin +0.0036%Lighter +0.0032%Deribit +0.0008%Extended +0.0008%Binance +0.0008%Aster 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%Phemex 0.0000%edgeX −0.0525%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexHOODUSDT	116.42	+0.0048	pay 0.0006% / 1h	29m 45s	$392K	$611K	20x	Long Popdex
SHORT	Coinbase InternationalHOOD-PERP-INTX	115.44	+0.0232	get 0.0029% / 1h	29m 45s	$224K	$236K	10x	Short Coinbase International

Price gap−0.842%

Funding gap+0.0184% /8h

Funding pays +$6 a day on $10k, but the gap is 0.466% under its 7d average: −$47 if it goes back, about 8.4 days of funding.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.000% in total, about 0.0000%/8h on average.

Funding history

SpreadBoth legsCumulative

24H3D7D14D30D90D

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Spread %Both prices

24H3D7D14D30D90D

Coinbase International price against Popdexnow

RANGE STATS · 7D

Now−0.842%

Average—

Range—

Wider than now—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PopdexCoinbase International

HOOD on 31 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• ✓
  OK: Fits both order books6.4 / 10.7 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$500 + $1,000

  Popdex 20x, Coinbase International 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Popdex · 1h−$1.44

  Short Coinbase International · 1h+$6.96

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$5.52Long Popdex: 24 payments, −$1.44; short Coinbase International: 24 payments, +$6.96.
• !
  Watch: Gap narrower than usual−0.842% vs −0.376%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$224K vs $392K OI

  Coinbase International sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCPopdex No · Coinbase International Yes

  ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned0.0000%/8h × 21 periods−$0.04

Price spread−0.842% → −0.376% (7d avg)−$46.59

Slippage, 4 orderslive order books−$16.25

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$10.00

Net · 7 days · $10k−$79.28

Costs to cover0.326%Break-evennever at this rate

Slippage: Popdex: live order book, 34 min ago; Coinbase International: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPopdex0.866.4 bp−$69.1 bp−$91doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International5.1610.7 bp−$1116.2 bp−$162doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

HOOD news

posts that mention HOOD or Robinhood Markets, from every exchangeSearch all news →

09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-21 16:05	Aevo	Contest	bitcoin:native broke $85k, zcash:native crossed $1.5k, and near:native is up 70%+ in 7 days. Trading them adds volume to Aevo’s year-end leaderboard for the projected 808,800 USDC reward. Options count too, as do the other Perp Majors: ETH, SOL, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market HOOD/USD ($HOOD) seen by our collector
09-19 00:09	SoDEX	Other	Robinhood (HOOD) shares are up 9.12% today. The company has grown beyond its commission-free trading roots, expanding across options, crypto, retirement products, and subscription services while building a broader retail investing ecosystem. Explore our latest research on Robinhood, its growth strategy, and what could drive the company next: @sodex_official on X ↗
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗
09-17 09:45	RISEx	Other	→ $ARB: → $HOOD: @risextrade on X ↗