Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.019%

Price spread now: Coinbase International against Gate−0.212%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.212%, 7d avg −0.164%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.164%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	122.60	0	get 0.0000% / 8h	7h 48m	$565K	$7.8M	50x
Short	Coinbase International HOOD-PERP-INTX	122.34	0.0096	get 0.0012% / 1h	48m 01s	$202K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.212%Rate

Funding earned: $20.16
Price spread: −0.212% → −0.164%: −$4.78
Slippage, 4 orders: −$36.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.85
Costs to cover: 0.612%
Break-even: 22.9 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 1 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 Gate live order book, 5 min ago	3.66 bp	15.5 bp −$15	71.0 bp −$710	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	7.34 bp	14.0 bp −$14	17.3 bp −$173	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
Aster HOODUSDT	0.0000%	8h	122.60	−0.001%	$107K	$267K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	122.65	+0.043%	$362K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	122.66	+0.045%	$21.9M	$89.2M	20x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	122.68	+0.065%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	122.55	−0.043%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDTlong	0.0000%	8h	122.60	long leg	$565K	$7.8M	50x
Bitget HOODUSDT	0.0000%	8h	122.70	+0.082%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.48	−0.097%	$2.4M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.78	+0.147%	$863K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	122.63	+0.024%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX HOOD-USD	+0.0014%	1h	122.59	−0.008%	$1.3M	$4.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.48	−0.098%	$1.1M	$1.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0043%	1h	122.41	−0.155%	—	$63K	25x	as long as short
Bybit HOODUSDT	+0.0047%	8h	122.70	+0.082%	$3.9M	$8.7M	25x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.48	−0.098%	$264K	$335K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.53	−0.056%	$738	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.40	−0.163%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0096%	1h	122.34	−0.212%	$202K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	122.53	−0.055%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.64	+0.033%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.46	−0.114%	$5K	$109K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.57	−0.024%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.60	−0.001%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.52	−0.065%	$183K	$124K	20x	as long as short
Lighter HOOD	+0.0184%	1h	122.67	+0.054%	$2.9M	$2.1M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	122.48	−0.098%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.81	+0.171%	$63K	$49K	30x	as long as short
tradeXYZ xyz:HOOD	+0.0316%	1h	122.59	−0.008%	$52.6M	$28.0M	10x	as long as short
edgeX HOODUSDC	+0.0358%	4h	122.80	+0.164%	$370K	$308K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0730%	1h	122.58	−0.016%	$8K	$69K	10x	as long as short