Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.045%

Price spread now: Coinbase International against Bitget−0.577%7-day average −0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+0.545%+$55 · spread now −0.577%, 7d avg −0.197%

Together, before fees+0.672%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.380% cheaper against Bitget than usual: you would sell low and buy high (spread −0.577% now, against its 7-day average of −0.197%). If the spread goes back, that is −$38 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	123.05	0	get 0.0000% / 8h	7h 25m	$5.6M	$9.5M	20x
Short	Coinbase International HOOD-PERP-INTX	122.34	0.0096	get 0.0012% / 1h	25m 08s	$202K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.577%Rate

Funding earned: $20.16
Price spread: −0.577% → −0.197%: −$37.97
Slippage, 4 orders: −$20.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.45
Costs to cover: 0.426%
Break-even: 28.0 days

Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 3 min ago	2.03 bp	9.6 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.10 bp	11.1 bp −$11	16.1 bp −$161	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
Aster HOODUSDT	0.0000%	8h	122.91	−0.113%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.04	−0.006%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.08	+0.023%	$22.0M	$89.3M	20x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.02	−0.024%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.05	−0.004%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.04	−0.008%	$577K	$7.8M	50x	as long as short
Bitget HOODUSDTlong	0.0000%	8h	123.05	long leg	$5.6M	$9.5M	20x
Variational Omni HOOD	0.0000%	8h	123.01	−0.033%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	123.10	+0.041%	$864K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.04	−0.008%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HOODUSDT	+0.0011%	8h	123.11	+0.049%	$3.9M	$8.7M	25x	as long as short
QFEX HOOD-USD	+0.0014%	1h	123.07	+0.016%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.99	−0.049%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.99	−0.049%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.91	−0.114%	$260K	$340K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.06	+0.004%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.97	−0.065%	$1.2M	$1.6M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0075%	1h	123.04	−0.008%	$8K	$69K	10x	as long as short
Lighter HOOD	+0.0080%	1h	123.06	+0.009%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0096%	1h	122.34	−0.577%	$202K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	123.07	+0.012%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.02	−0.024%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.95	−0.081%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.05	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.05	+0.003%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.11	+0.049%	$181K	$116K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0158%	1h	123.05	0.000%	$52.9M	$27.8M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	123.09	+0.033%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	−0.138%	$63K	$49K	30x	as long as short
edgeX HOODUSDC	+0.0492%	4h	123.07	+0.014%	$370K	$307K	10x	as long as short