Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.085%

Price spread now: QFEX against edgeX−0.051%57s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$360.363% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.051%, 7d avg −0.015%

Together, before fees−0.078%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and QFEX is 0.035% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 57 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 4 days it paid 0.031% in total (about 3.0% 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	120.34	0.0292	pay 0.0146% / 4h	3h 34m	$362K	$303K	10x
Short	QFEX HOOD-USD	120.28	0.0038	get 0.0005% / 1h	34m 25s	$1.3M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$53.29
Price spread: −0.051% → −0.015%: −$3.54
Slippage, 4 orders: −$17.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$93.14
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from edgeX: live order book, 64 min ago; QFEX: live order book, 4 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, 64 min ago	6.63 bp	11.9 bp −$12	21.2 bp −$212	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.25 bp	6.2 bp −$6	8.0 bp −$80	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	119.92	−0.350%	$58K	$61K	30x	as long as short
Bitget HOODUSDT	−0.0055%	8h	120.33	−0.009%	$5.5M	$9.8M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.38	+0.030%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.28	−0.052%	$355K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.36	+0.019%	$20.8M	$91.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.39	+0.041%	$3.7M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.43	+0.074%	$2.7M	$6.2M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	120.30	−0.034%	$600K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	120.36	+0.016%	$2.2M	$980K	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.31	−0.026%	$6K	$53K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	120.35	+0.007%	$985K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0006%	1h	120.14	−0.167%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.36	+0.012%	$2.8M	$3.1M	10x	as long as short
QFEX HOOD-USDshort	+0.0038%	1h	120.28	−0.051%	$1.3M	$2.8M	10x
Arcus HOOD-USD	+0.0040%	1h	120.24	−0.084%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.30	−0.034%	$50.8M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.30	−0.034%	$251K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.35	+0.007%	$718	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.24	−0.084%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.31	−0.027%	$74K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.38	+0.032%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.27	−0.059%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.27	−0.059%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.32	−0.014%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.41	+0.057%	$173K	$175K	20x	as long as short
Phoenix HOOD	+0.0133%	1h	120.31	−0.026%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	119.88	−0.383%	$195K	$1.8M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0243%	8h	120.31	−0.029%	$852K	$1.9M	10x	as long as short
edgeX HOODUSDClong	+0.0292%	4h	120.34	long leg	$362K	$303K	10x
RISEx HOOD/USDC	+0.0421%	1h	120.36	+0.020%	$418K	$1.4M	10x	as long as short