Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.089%

Price spread now: edgeX against BloFin−0.099%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.099%, 7d avg −0.011%

Together, before fees+0.038%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.088% cheaper against BloFin than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.011%). If the spread goes back, that is −$9 on $10k: about 23 hours of funding at the current rate (+$9 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HOOD-USDT	121.75	0.0120	pay 0.0120% / 8h	5h 24m	$174K	$159K	20x
Short	edgeX HOODUSDC	121.63	0.0422	get 0.0211% / 4h	1h 24m	$366K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $63.45
Price spread: −0.099% → −0.011%: −$8.77
Slippage, 4 orders: −$23.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $9.7
Costs to cover: 0.450%
Break-even: 5.9 days

Slippage from BloFin: live order book, 13 min ago; edgeX: live order book, 39 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 BloFin live order book, 13 min ago	1.64 bp	10.0 bp −$10	15.4 bp −$154	34.0 bp −$3,398	doesn't fit
Sell edgeX live order book, 39 min ago	6.15 bp	11.5 bp −$11	20.7 bp −$207	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	−0.0135%	1h	121.58	−0.140%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.74	−0.006%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.76	+0.009%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.79	+0.033%	$21.1M	$90.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.74	−0.008%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.76	+0.008%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.75	0.000%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.79	+0.033%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.82	+0.057%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.69	−0.049%	$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	121.65	−0.083%	$854K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.79	+0.033%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.77	+0.016%	$1.3M	$3.8M	10x	as long as short
Vest HOOD-USD-PERP	+0.0026%	1h	121.66	−0.074%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.67	−0.066%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.76	+0.008%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.73	−0.019%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.63	−0.099%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.172%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.75	−0.003%	$68K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.79	+0.033%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.61	−0.115%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.74	−0.008%	$2K	$2K	10x	as long as short
Lighter HOOD	+0.0104%	1h	121.70	−0.039%	$2.8M	$3.1M	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.74	−0.011%	$16K	—	10x	as long as short
BloFin HOOD-USDTlong	+0.0120%	8h	121.75	long leg	$174K	$159K	20x
Phoenix HOOD	+0.0197%	1h	121.71	−0.033%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.320%	$58K	$57K	30x	as long as short
edgeX HOODUSDCshort	+0.0422%	4h	121.63	−0.099%	$366K	$303K	10x
Deribit HOOD_USDC-PERPETUAL	+0.0901%	1h	121.75	0.000%	$7K	$68K	10x	as long as short