Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: Pacifica against Binance−0.113%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 2 days (all we have)+0.061%+$6 · spread now −0.113%, 7d avg −0.035%

Together, before fees+0.125%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.078% cheaper against Binance than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.035%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.064% in total) that is about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HOODUSDT	121.50	0	get 0.0000% / 8h	6h 39m	$21.1M	$90.9M	20x
Short	Pacifica HOOD	121.36	0.0100	get 0.0013% / 1h	39m 03s	$68K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.113%Rate

Funding earned: $21
Price spread: −0.113% → −0.035%: −$7.82
Slippage, 4 orders: −$15.97
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.79
Costs to cover: 0.340%
Break-even: 13.9 days

Slippage from Binance: live order book, 4 min ago; Pacifica: live order book, 28 min ago.

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, 4 min ago	0.41 bp	6.2 bp −$6	15.6 bp −$156	59.6 bp −$5,959	doesn't fit
Sell Pacifica live order book, 28 min ago	3.50 bp	10.9 bp −$11	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
Polymarket Perps HOOD-USD	−0.0123%	1h	121.18	−0.261%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.43	−0.053%	$106K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.46	−0.034%	$358K	$1.4M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	121.50	long leg	$21.1M	$90.9M	20x
Bybit HOODUSDT	0.0000%	8h	121.50	+0.002%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.56	+0.051%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.37	−0.105%	$372K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.48	−0.015%	$574K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.61	+0.092%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.58	+0.069%	$2.3M	$1.1M	—	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	121.59	+0.077%	$854K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.43	−0.056%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.43	−0.056%	$993K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.44	−0.043%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.41	−0.072%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0034%	1h	121.25	−0.204%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.51	+0.010%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.35	−0.125%	$731	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	+0.010%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	−0.064%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0071%	1h	121.45	−0.039%	$52.4M	$28.0M	10x	as long as short
Pacifica HOODshort	+0.0100%	1h	121.36	−0.113%	$68K	$111K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.48	−0.015%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.74	+0.199%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.45	−0.039%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.41	−0.072%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.413%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.097%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.74	+0.199%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0823%	4h	121.84	+0.280%	$367K	$303K	10x	as long as short