Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h +0.019%

Price spread now: Gate against SoDEX+0.027%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.027% dearer against SoDEX than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HOOD-USD	120.66	0.0050	pay 0.0006% / 1h	0m 11s	$723	$4K	10x
Short	Gate HOOD_USDT	120.69	−0.0171	pay 0.0171% / 8h	1h 00m	$601K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$46.41
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.67
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 3 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 SoDEX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	4.14 bp	16.4 bp −$16	59.4 bp −$594	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	120.61	−0.039%	$57K	$57K	30x	as long as short
Gate HOOD_USDTshort	−0.0171%	8h	120.69	+0.027%	$601K	$7.7M	50x
Bitget HOODUSDT	−0.0096%	8h	120.70	+0.036%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.71	+0.048%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.61	−0.039%	$356K	$1.8M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.65	−0.006%	$20.8M	$92.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.65	−0.006%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.63	−0.022%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.044%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.77	+0.094%	$850K	$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
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.63	−0.022%	$6K	$52K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.69	+0.027%	$987K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0019%	1h	120.49	−0.138%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.63	−0.022%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.46	−0.163%	$251K	$345K	10x	as long as short
SoDEX HOOD-USDlong	+0.0050%	1h	120.66	long leg	$723	$4K	10x
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.64	−0.014%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.63	−0.022%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0075%	1h	120.60	−0.047%	$51.3M	$26.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.62	−0.027%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.67	+0.011%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.71	+0.044%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.65	−0.006%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.63	−0.025%	$16K	—	10x	as long as short
Lighter HOOD	+0.0120%	1h	120.66	−0.001%	$2.8M	$3.2M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.69	+0.027%	$173K	$165K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.67	+0.011%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.76	+0.085%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0289%	4h	120.77	+0.093%	$363K	$305K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.68	+0.019%	$394K	$1.4M	10x	as long as short