Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.091%

Price spread now: Phemex against RISEx+0.049%7-day average −0.017% · you sell dearer than you buy

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

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.049%, 7d avg −0.017%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.067% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HOOD/USDC	121.27	0	get 0.0000% / 1h	37m 14s	$397K	$1.4M	10x
Short	Phemex HOODUSDT	121.33	0	get 0.0000% / 8h	4h 37m	$992K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.017%: $6.65
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$11.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 2 min ago; Phemex: live order book, 5 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 RISEx live order book, 2 min ago	1.65 bp	4.6 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.65 bp	doesn't fit	doesn't fit	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	121.05	−0.181%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0129%	1h	121.10	−0.140%	$251K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0029%	8h	121.29	+0.016%	$572K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.29	+0.013%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.24	−0.025%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.28	+0.005%	$21.0M	$90.8M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.27	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.26	−0.008%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDClong	0.0000%	1h	121.27	long leg	$397K	$1.4M	10x
Bitget HOODUSDT	0.0000%	8h	121.32	+0.041%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.36	+0.076%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.35	+0.068%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDTshort	0.0000%	8h	121.33	+0.049%	$992K	$8K	10x
Vest HOOD-USD-PERP	+0.0021%	1h	121.11	−0.132%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.27	0.000%	$1.3M	$3.7M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.28	+0.007%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.21	−0.049%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.21	−0.049%	$51.8M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.26	−0.009%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.16	−0.091%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.54	+0.223%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.26	−0.010%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.32	+0.041%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.27	0.000%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.24	−0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.23	−0.034%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.27	0.000%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.34	+0.058%	$27K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0245%	1h	121.27	0.000%	$7K	$55K	10x	as long as short
edgeX HOODUSDC	+0.0377%	4h	121.34	+0.055%	$365K	$304K	10x	as long as short