Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0593%/8h= −65.0% APRpaid last 24h −0.070%

Price spread now: Gate against Deribit+0.058%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Gate

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. Gate is 0.058% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit HOOD_USDC-PERPETUAL	121.17	0.0493	pay 0.0062% / 1h	42m 51s	$6K	$57K	10x
Short	Gate HOOD_USDT	121.24	−0.0100	pay 0.0100% / 8h	3h 42m	$574K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: −$124.6
Price spread: +0.058% → 0.000%: $5.78
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$140.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 1 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	4.12 bp	20.8 bp −$21	61.9 bp −$619	doesn't fit	doesn't fit

Deribit: 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	+0.033%	$58K	$57K	30x	as long as short
Gate HOOD_USDTshort	−0.0100%	8h	121.24	+0.058%	$574K	$7.7M	50x
Bitget HOODUSDT	−0.0004%	8h	121.24	+0.058%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.25	+0.067%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.18	+0.006%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.21	+0.033%	$20.8M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.23	+0.050%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.21	+0.033%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.24	+0.054%	$389K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.32	+0.127%	$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	+0.089%	$848K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.23	+0.050%	$992K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	121.01	−0.132%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.18	+0.008%	$1.3M	$3.4M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.23	+0.050%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.13	−0.033%	$51.5M	$28.3M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	121.02	−0.124%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.20	+0.024%	$730	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.16	−0.008%	$1.2M	$1.5M	15x	as long as short
edgeX HOODUSDC	+0.0073%	4h	121.33	+0.132%	$365K	$305K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.22	+0.040%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.26	+0.074%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.24	+0.058%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.20	+0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.15	−0.013%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.058%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.25	+0.066%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.34	+0.140%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0184%	1h	121.17	+0.002%	$2.8M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUALlong	+0.0493%	1h	121.17	long leg	$6K	$57K	10x