Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.015%

Price spread now: Orderly against Coinbase International+0.025%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.025% dearer against Coinbase International than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	121.10	0.0120	pay 0.0015% / 1h	40m 12s	$193K	$1.9M	10x
Short	Orderly PERP_HOOD_USDC_mythos	121.13	0.0100	get 0.0100% / 8h	3h 40m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now +0.025%Rate

Funding earned: −$4.2
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Orderly: 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 Coinbase International live order book, 3 min ago	2.06 bp	7.1 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	121.21	+0.091%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0104%	8h	121.17	+0.058%	$574K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0025%	8h	121.21	+0.091%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.15	+0.038%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.11	+0.007%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.14	+0.034%	$20.8M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.15	+0.041%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.19	+0.074%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.15	+0.038%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.08	−0.013%	$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	121.28	+0.147%	$848K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.16	+0.050%	$991K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	120.96	−0.116%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.16	+0.050%	$1.3M	$3.4M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.13	+0.025%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0049%	1h	120.96	−0.116%	$251K	$344K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.09	−0.008%	$51.4M	$28.4M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.12	+0.016%	$729	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.95	−0.124%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.11	+0.012%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.19	+0.074%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.14	+0.033%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythosshort	+0.0100%	8h	121.13	+0.025%	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.11	+0.010%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0120%	1h	121.10	long leg	$193K	$1.9M	10x
BloFin HOOD-USDT	+0.0120%	8h	121.14	+0.033%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.18	+0.066%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0168%	1h	121.13	+0.026%	$2.8M	$3.2M	10x	as long as short
edgeX HOODUSDC	+0.0244%	4h	121.22	+0.095%	$365K	$303K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0411%	1h	121.12	+0.017%	$6K	$57K	10x	as long as short