Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.019%

Price spread now: Coinbase International against KuCoin−0.213%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.213%, 7d avg −0.131%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.131%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HOODUSDTM	121.80	0.0100	pay 0.0100% / 8h	5h 21m	$1.3M	$1.2M	20x
Short	Coinbase International HOOD-PERP-INTX	121.54	0.0056	get 0.0007% / 1h	21m 53s	$194K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$9.24
Price spread: −0.213% → −0.131%: −$8.25
Slippage, 4 orders: −$127.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$166.85
Costs to cover: 1.494%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 2 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 KuCoin live order book, 3 min ago	3.29 bp	95.1 bp −$95	422.4 bp −$4,224	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.29 bp	8.7 bp −$9	13.2 bp −$132	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
Polymarket Perps HOOD-USD	−0.0142%	1h	121.60	−0.164%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.80	+0.003%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.79	−0.011%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.83	+0.025%	$21.1M	$90.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.80	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.78	−0.016%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.80	+0.002%	$381K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.84	+0.033%	$580K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.85	+0.041%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.69	−0.090%	$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	121.65	−0.124%	$854K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.80	0.000%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.73	−0.057%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0026%	1h	121.65	−0.123%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.68	−0.099%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.71	−0.074%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.80	−0.003%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.63	−0.140%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0056%	1h	121.54	−0.213%	$194K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	121.77	−0.021%	$68K	$108K	10x	as long as short
KuCoin HOODUSDTMlong	+0.0100%	8h	121.80	long leg	$1.3M	$1.2M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.69	−0.090%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.80	0.000%	$2K	$2K	10x	as long as short
Lighter HOOD	+0.0104%	1h	121.80	+0.002%	$2.8M	$3.1M	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.76	−0.031%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.79	−0.008%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.71	−0.074%	$28K	$239K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0325%	1h	121.78	−0.016%	$7K	$68K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.361%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0376%	4h	121.69	−0.092%	$366K	$304K	10x	as long as short