Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.006%

Price spread now: SoDEX against Bitget−0.048%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.048% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	120.43	−0.0160	get 0.0160% / 8h	6m 49s	$5.5M	$9.9M	20x
Short	SoDEX HOOD-USD	120.37	0.0050	get 0.0006% / 1h	6m 49s	$719	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $44.1
Price spread: −0.048% → 0.000%: −$4.82
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $19.28
Costs to cover: 0.200%
Break-even: 3.9 days

Slippage unknown: Bitget: live order book, 2 min ago; SoDEX: 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	1.66 bp	12.2 bp −$12	27.3 bp −$273	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	120.22	−0.174%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0162%	8h	120.44	+0.008%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDTlong	−0.0160%	8h	120.43	long leg	$5.5M	$9.9M	20x
Polymarket Perps HOOD-USD	−0.0025%	1h	120.21	−0.183%	$251K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.42	−0.008%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.36	−0.057%	$358K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.40	−0.022%	$20.7M	$91.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.38	−0.042%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.36	−0.058%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.42	−0.008%	$2.2M	$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	120.42	−0.007%	$844K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.41	−0.017%	$985K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	120.21	−0.183%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.32	−0.091%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.41	−0.017%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.33	−0.083%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USDshort	+0.0050%	1h	120.37	−0.048%	$719	$4K	10x
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.42	−0.008%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0072%	1h	120.39	−0.035%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0082%	1h	120.38	−0.042%	$6K	$52K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.37	−0.050%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.43	0.000%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.39	−0.033%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.38	−0.042%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.36	−0.059%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.42	−0.008%	$173K	$175K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.33	−0.083%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.43	0.000%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.45	+0.017%	$417K	$1.4M	10x	as long as short
edgeX HOODUSDC	+0.0701%	4h	120.43	+0.004%	$362K	$303K	10x	as long as short