Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0724%/8h= −79.2% APRpaid last 24h −0.096%

Price spread now: Gate against edgeX−0.096%112s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.497% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.388%−$39 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.096%, 7d avg −0.001%

Together, before fees−0.362%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Gate is 0.095% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% 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	edgeX HOODUSDC	121.22	0.0593	pay 0.0296% / 4h	3h 13m	$365K	$305K	10x
Short	Gate HOOD_USDT	121.10	−0.0131	pay 0.0131% / 8h	3h 13m	$572K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: −$151.96
Price spread: −0.096% → −0.001%: −$9.54
Slippage, 4 orders: −$25.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$211.16
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; Gate: live order book, 5 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 edgeX live order book, 40 min ago	5.76 bp	10.8 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.71 bp	15.7 bp −$16	52.7 bp −$527	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
Injective HOOD/USDC PERP	−0.0440%	1h	120.88	−0.278%	$58K	$57K	30x	as long as short
Gate HOOD_USDTshort	−0.0131%	8h	121.10	−0.096%	$572K	$7.7M	50x
Bitget HOODUSDT	−0.0111%	8h	121.11	−0.088%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.05	−0.134%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.03	−0.158%	$360K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.06	−0.129%	$20.8M	$91.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.11	−0.088%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.02	−0.162%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.07	−0.121%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.17	−0.039%	$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	121.21	−0.005%	$850K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.07	−0.121%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.84	−0.311%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.03	−0.154%	$1.3M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.04	−0.146%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.00	−0.179%	$51.3M	$28.4M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.85	−0.302%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.01	−0.167%	$727	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.08	−0.113%	$1.2M	$1.5M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0081%	1h	121.06	−0.129%	$6K	$54K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.02	−0.160%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.09	−0.104%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.07	−0.121%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.05	−0.137%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.01	−0.173%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.096%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.15	−0.055%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.18	−0.030%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0176%	1h	121.05	−0.141%	$2.8M	$3.2M	10x	as long as short
edgeX HOODUSDClong	+0.0593%	4h	121.22	long leg	$365K	$305K	10x