Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.053%

Price spread now: Binance against RISEx−0.067%55s7-day average −0.023% · you buy dearer than you sell

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−$250.249% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.127%−$13 on $10k

Price spread, last 5 days (all we have)−0.045%−$4 · spread now −0.067%, 7d avg −0.023%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.044% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.127% in total (about -12.6% 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	RISEx HOOD/USDC	120.79	0.0365	pay 0.0046% / 1h	40m 48s	$374K	$1.4M	10x
Short	Binance HOODUSDT	120.71	0	get 0.0000% / 8h	1h 40m	$20.8M	$92.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: −$76.63
Price spread: −0.067% → −0.023%: −$4.43
Slippage, 4 orders: −$8.87
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$105.94
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Binance: live order book, 2 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 RISEx live order book, 3 min ago	2.48 bp	5.5 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.41 bp	6.3 bp −$6	16.7 bp −$167	61.6 bp −$6,161	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	−0.0392%	1h	120.80	+0.007%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0176%	8h	120.75	−0.034%	$599K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0113%	8h	120.77	−0.018%	$5.4M	$10.0M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.74	−0.046%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.69	−0.081%	$356K	$1.3M	10x	as long as short
Binance HOODUSDTshort	0.0000%	8h	120.71	−0.067%	$20.8M	$92.3M	20x
Bybit HOODUSDT	0.0000%	8h	120.69	−0.084%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.72	−0.059%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.71	−0.068%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.80	+0.003%	$853K	$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	120.74	−0.042%	$988K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.52	−0.225%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.68	−0.092%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.54	−0.208%	$250K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.70	−0.076%	$721	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.75	−0.034%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.72	−0.059%	$1.3M	$3.0M	10x	as long as short
Lighter HOOD	+0.0096%	1h	120.70	−0.073%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.69	−0.083%	$67K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.76	−0.026%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.70	−0.076%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.71	−0.067%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.70	−0.080%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.75	−0.034%	$175K	$160K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0124%	1h	120.65	−0.117%	$51.3M	$27.9M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.158%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.79	−0.001%	$28K	$238K	10x	as long as short
RISEx HOOD/USDClong	+0.0365%	1h	120.79	long leg	$374K	$1.4M	10x
Deribit HOOD_USDC-PERPETUAL	+0.0413%	1h	120.71	−0.067%	$6K	$52K	10x	as long as short
edgeX HOODUSDC	+0.0510%	4h	120.75	−0.031%	$363K	$305K	10x	as long as short