Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.001%

Price spread now: Ondo Perps against Bitget−0.181%7-day average −0.129% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.272%−$27 · spread now −0.181%, 7d avg −0.129%

Together, before fees−0.259%+ Points / potential airdropOndo Perps: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.052% cheaper against Bitget than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.129%). If the spread goes back, that is −$5 on $10k: about 3.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.013% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	121.82	0	get 0.0000% / 8h	6h 36m	$5.4M	$9.6M	20x
Short	Ondo Perps HOOD-USD.P	121.60	0.0050	get 0.0006% / 1h	36m 05s	$1.2M	$1.6M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.181%Rate

Funding earned: $10.58
Price spread: −0.181% → −0.129%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.59
Costs to cover: 0.170%
Break-even: 14.7 days

Slippage unknown: Bitget: 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 Bitget live order book, 2 min ago	2.88 bp	11.7 bp −$12	20.2 bp −$202	doesn't fit	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
Polymarket Perps HOOD-USD	−0.0127%	1h	121.54	−0.230%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.72	−0.085%	$107K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.69	−0.109%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.77	−0.040%	$21.1M	$90.8M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.78	−0.033%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.78	−0.033%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.63	−0.153%	$373K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.76	−0.049%	$577K	$7.7M	50x	as long as short
Bitget HOODUSDTlong	0.0000%	8h	121.82	long leg	$5.4M	$9.6M	20x
Variational Omni HOOD	0.0000%	8h	121.75	−0.061%	$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	121.45	−0.306%	$853K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.75	−0.057%	$996K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.77	−0.044%	$2.9M	$3.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0033%	1h	121.53	−0.238%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.62	−0.164%	$1.3M	$4.0M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.52	−0.246%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.63	−0.154%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.Pshort	+0.0050%	1h	121.60	−0.181%	$1.2M	$1.6M	15x
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	−0.328%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0070%	1h	121.75	−0.057%	$52.5M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.63	−0.156%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.70	−0.099%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.33	−0.402%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.70	−0.099%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.71	−0.087%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.148%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.361%	$58K	$57K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0243%	1h	121.75	−0.057%	$7K	$68K	10x	as long as short
Phoenix HOOD	+0.0261%	1h	121.63	−0.156%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0374%	4h	121.36	−0.379%	$365K	$304K	10x	as long as short