Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%

Price spread now: Ondo Perps against Binance−0.214%7-day average −0.107% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.214%, 7d avg −0.107%

Together, before fees−0.042%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.107% cheaper against Binance than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.107%). If the spread goes back, that is −$11 on $10k: about 7.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HOODUSDT	121.63	0	get 0.0000% / 8h	4h 10m	$20.9M	$90.9M	20x
Short	Ondo Perps HOOD-USD.P	121.37	0.0050	get 0.0006% / 1h	10m 25s	$1.2M	$1.5M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.214%Rate

Funding earned: $10.58
Price spread: −0.214% → −0.107%: −$10.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.08
Costs to cover: 0.150%
Break-even: 17.0 days

Slippage unknown: Binance: live order book, 2 min ago; Ondo Perps: no order-book sample. 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 Binance live order book, 2 min ago	0.41 bp	7.5 bp −$8	15.2 bp −$152	53.5 bp −$5,346	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	121.28	−0.288%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0102%	1h	121.33	−0.247%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0065%	8h	121.61	−0.016%	$576K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.51	−0.097%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.50	−0.110%	$361K	$1.3M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	121.63	long leg	$20.9M	$90.9M	20x
Bybit HOODUSDT	0.0000%	8h	121.56	−0.058%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.57	−0.049%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.53	−0.082%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.57	−0.049%	$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	121.52	−0.092%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	−0.090%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.51	−0.099%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.30	−0.271%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.53	−0.082%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0040%	1h	121.49	−0.118%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.164%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.54	−0.074%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.50	−0.104%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.Pshort	+0.0050%	1h	121.37	−0.214%	$1.2M	$1.5M	15x
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.436%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.48	−0.122%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.56	−0.058%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.48	−0.123%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.59	−0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	−0.118%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.50	−0.107%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	−0.123%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0574%	1h	121.52	−0.090%	$6K	$56K	10x	as long as short
edgeX HOODUSDC	+0.0768%	4h	121.50	−0.110%	$366K	$306K	10x	as long as short