Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.043%

Price spread now: Variational Omni against QFEX+0.002%7-day average +0.049% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.002%, 7d avg +0.049%

Together, before fees+0.022%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.048% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HOOD-USD	123.61	0.0061	pay 0.0008% / 1h	5m 36s	$1.3M	$4.1M	10x
Short	Variational Omni HOOD	123.61	0.0024	get 0.0024% / 8h	2h 05m	$2.4M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.002%Rate

Funding earned: −$7.8
Price spread: +0.002% → +0.049%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.56
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 8 min ago; Variational Omni: RFQ quote, 4 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 QFEX live order book, 8 min ago	2.43 bp	7.9 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.19 bp	doesn't fit	20.0 bp −$200	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	−0.0009%	1h	123.46	−0.121%	$263K	$320K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.60	−0.006%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.57	−0.032%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.61	0.000%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.57	−0.032%	$554K	$7.9M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.64	+0.024%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.097%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0005%	8h	123.61	0.000%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOODshort	+0.0024%	8h	123.61	+0.002%	$2.4M	$1.0M	—
Lighter HOOD	+0.0032%	1h	123.50	−0.086%	$3.0M	$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
Vest HOOD-USD-PERP	+0.0046%	1h	123.46	−0.121%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.59	−0.014%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.51	−0.081%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USDlong	+0.0061%	1h	123.61	long leg	$1.3M	$4.1M	10x
edgeX HOODUSDC	+0.0093%	4h	123.61	+0.002%	$372K	$306K	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0094%	8h	123.60	−0.004%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.46	−0.119%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.56	−0.040%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.51	−0.081%	$45K	$238K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.54	−0.057%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.54	−0.059%	$16K	—	10x	as long as short
Binance HOODUSDT	+0.0135%	8h	123.63	+0.019%	$23.8M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.62	+0.005%	$419K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.162%	$196K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0256%	8h	123.63	+0.016%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0260%	1h	123.54	−0.057%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.62	+0.008%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.61	0.000%	$419K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.52	−0.073%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1046%	1h	123.66	+0.040%	$6K	$84K	10x	as long as short