Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Aevo+0.057%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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. Bybit is 0.057% dearer against Aevo than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HOOD-PERP	120.57	0.0104	pay 0.0013% / 1h	24m 21s	$16K	—	10x
Short	Bybit HOODUSDT	120.64	0	get 0.0000% / 8h	2h 24m	$3.7M	$8.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21.84
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.1
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.24 bp	12.5 bp −$12	26.7 bp −$267	973.6 bp −$97.4K	doesn't fit

Aevo: 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	−0.0440%	1h	120.35	−0.183%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0281%	8h	120.69	+0.099%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0171%	8h	120.66	+0.074%	$602K	$7.7M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0048%	1h	120.45	−0.100%	$250K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.63	+0.045%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.63	+0.046%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.66	+0.074%	$20.6M	$91.5M	20x	as long as short
Bybit HOODUSDTshort	0.0000%	8h	120.64	+0.057%	$3.7M	$8.9M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	120.66	+0.074%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.49	−0.067%	$2.3M	$1.0M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	120.65	+0.064%	$844K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.63	+0.049%	$987K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0011%	1h	120.40	−0.142%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.54	−0.025%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.50	−0.059%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.56	−0.009%	$51.2M	$27.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.60	+0.023%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.62	+0.041%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	120.58	+0.008%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.61	+0.036%	$67K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.62	+0.041%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.45	−0.100%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.59	+0.016%	$2K	$2K	10x	as long as short
Aevo HOOD-PERPlong	+0.0104%	1h	120.57	long leg	$16K	—	10x
RISEx HOOD/USDC	+0.0109%	1h	120.65	+0.062%	$423K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.57	−0.001%	$174K	$157K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.52	−0.042%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.34	−0.191%	$192K	$1.8M	10x	as long as short
edgeX HOODUSDC	+0.0582%	4h	120.53	−0.031%	$363K	$303K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0829%	1h	120.62	+0.041%	$6K	$55K	10x	as long as short