Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGSunX▾edgeX −0.0688%Aster 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Phemex 0.0000%AZverse +0.0005%RISEx +0.0006%QFEX +0.0007%Extended +0.0008%MEXC +0.0008%Binance +0.0008%Lighter +0.0032%BloFin +0.0033%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%Ondo Perps +0.0050%tradeXYZ +0.0079%OKX +0.0091%Avantis +0.0094%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%Bitget +0.0137%Phoenix +0.0167%Injective +0.0170%SoDEX +0.0172%BingX +0.0205%Kraken Futures +0.0227%Bybit +0.0229%Deribit +0.0376%Backpack +0.0516%HTX +0.0719%

⇄⇅

SHORTArcus▾Arcus +0.0738%HTX +0.0719%Backpack +0.0516%Deribit +0.0376%Bybit +0.0229%Kraken Futures +0.0227%BingX +0.0205%SoDEX +0.0172%Injective +0.0170%Phoenix +0.0167%Bitget +0.0137%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%OKX +0.0091%tradeXYZ +0.0079%Avantis −0.0058%Ondo Perps +0.0050%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%BloFin +0.0033%Lighter +0.0032%Binance +0.0008%Extended +0.0008%MEXC +0.0008%QFEX +0.0007%RISEx +0.0006%AZverse +0.0005%Aster 0.0000%Gate 0.0000%KuCoin 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phemex 0.0000%edgeX −0.0688%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SunXHOODX-USDT	96.130	0	0.0000% / 8h	5h 44m	$1K	$695K	10x	Long SunX≤10% back
SHORT	ArcusHOOD-USD	95.840	+0.0738	get 0.0092% / 1h	44m 55s	$1.6M	$8.6M	10x	Short Arcus5% off

Price gap−0.302%

Funding gap+0.0738% /8h

Funding trade: +$22 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.263% in total, about +0.0125%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.302%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

SunXArcus

HOOD on 40 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size63.5 / 3.3 bp

  At $10k entering SunX costs 63.5 bp, fee and slippage, 19.3× Arcus’s.
• i
  Note: Margin at max leverage$1,000 + $1,000

  SunX 10x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long SunX · 8h$0.00

  Short Arcus · 1h+$22.14

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$22.14Long SunX: 3 payments, $0.00; short Arcus: 24 payments, +$22.14.
• i
  Note: Gap at its usual level−0.302% vs −0.302%

  The price leg adds little either way.
• !
  Watch: Long leg is thinner$1K vs $1.6M OI

  SunX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legArcus points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legSunX No · Arcus No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0125%/8h × 21 periods+$26.32

Price spread−0.302% → −0.302% (7d avg)+$0.01

Slippage, 4 orderslive order books−$121.75

Fee SunX bp × 2 orders−$8.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k−$107.92

Costs to cover1.343%Break-even35.7 days

Slippage: SunX: live order book, 46 min ago; Arcus: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGSunX45.1563.5 bp−$64doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTArcus1.043.3 bp−$34.5 bp−$4515.7 bp−$1,568doesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

HOOD news

posts that mention HOOD or Robinhood Markets, from every exchangeSearch all news →

10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗
10-27 14:14	Phoenix	Other	Robinhood, $HOOD reports earnings after the market closes today. Analysts expect revenue of ~$1.42B, which would be a company record. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗
10-26 22:17	Polymarket Perps	Other	One of the biggest earnings weeks of the season is here. Tue Oct 27 • SKHY • SKHYNIX • HOOD Wed Oct 28 • SAMSUNG • MSFT • GOOGL Thu Oct 29 • AMZN • INTC • SNDK • MSTR • STRC • COIN Trade every report on Polymarket Perps👇 @Poly_Perps on X ↗
10-26 15:26	Variational Omni	Other	Eligible markets: Day 1 (Oct 27): $HOOD, $V, $STX, $TER, $SKHY Day 2 (Oct 28): $GOOGL, $MSFT, $KLAC Day 3 (Oct 29): $AMZN, $COIN, $MSTR, $RDDT, $SNDK @variational_io on X ↗
10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗