Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.014%

Price spread now: GRVT against QFEX+0.416%57s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.390% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 7 days−0.420%−$42 · spread now +0.416%, 7d avg +0.045%

Together, before fees−0.455%+ Points / potential airdropGRVT: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.370% dearer against QFEX than usual: you sell high and buy low (spread +0.416% now, against its 7-day average of +0.045%): +$37 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HOOD-USD	121.30	0.0034	pay 0.0004% / 1h	40m 25s	$1.3M	$4.0M	10x
Short	GRVT HOOD_USDT_Perp	121.80	0	get 0.0000% / 8h	6h 40m	$852K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against QFEX. 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 QFEXbpFee GRVTbpOrdersPrice spread, now +0.416%Rate

Funding earned: −$7.07
Price spread: +0.416% → +0.045%: $37.04
Slippage, 4 orders: −$19.98
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.01
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; GRVT: live order book, 3 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 QFEX live order book, 3 min ago	1.64 bp	7.1 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.41 bp	13.2 bp −$13	17.5 bp −$175	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	−0.0124%	1h	121.03	−0.223%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.30	−0.002%	$106K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.28	−0.015%	$359K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.22	−0.068%	$21.1M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.22	−0.066%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.33	+0.025%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.29	−0.012%	$372K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.26	−0.033%	$563K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.39	+0.074%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.58	+0.232%	$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	+0.416%	$852K	$2.0M	10x
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.58	+0.231%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.55	+0.206%	$994K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.32	+0.017%	$2.8M	$3.0M	10x	as long as short
QFEX HOOD-USDlong	+0.0034%	1h	121.30	long leg	$1.3M	$4.0M	10x
Vest HOOD-USD-PERP	+0.0035%	1h	121.16	−0.115%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.62	+0.264%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.54	+0.196%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	+0.173%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	+0.099%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0072%	1h	121.20	−0.082%	$52.3M	$28.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.42	+0.095%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.31	+0.008%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.74	+0.363%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.24	−0.049%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.23	−0.054%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.577%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	+0.066%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.74	+0.363%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0823%	4h	121.84	+0.443%	$367K	$303K	10x	as long as short