Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%

Price spread now: Extended against KuCoin−0.047%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1211.209% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.047%, 7d avg −0.023%

Together, before fees+0.099%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.081%, 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	121.33	0.0100	pay 0.0100% / 8h	4h 33m	$1.3M	$1.2M	20x
Short	Extended HOOD_24_5-USD	121.27	0	get 0.0000% / 1h	33m 14s	$358K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$21
Price spread: −0.047% → −0.023%: −$2.43
Slippage, 4 orders: −$103.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$144.3
Costs to cover: 1.209%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Extended: 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 KuCoin live order book, 2 min ago	2.06 bp	60.9 bp −$61	446.8 bp −$4,468	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.43 bp	11.1 bp −$11	119.7 bp −$1,197	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	121.05	−0.231%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0132%	1h	121.12	−0.173%	$251K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0041%	8h	121.31	−0.016%	$575K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.24	−0.071%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USDshort	0.0000%	1h	121.27	−0.047%	$358K	$1.3M	10x
Binance HOODUSDT	0.0000%	8h	121.31	−0.014%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.30	−0.025%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.30	−0.025%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.24	−0.071%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.37	+0.033%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.22	−0.092%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.30	−0.026%	$856K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.36	+0.025%	$993K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0021%	1h	121.09	−0.198%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.24	−0.074%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.27	−0.051%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.18	−0.124%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.22	−0.091%	$51.8M	$28.2M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.25	−0.065%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.17	−0.132%	$1.2M	$1.5M	15x	as long as short
edgeX HOODUSDC	+0.0083%	4h	121.27	−0.051%	$365K	$305K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.190%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.26	−0.054%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTMlong	+0.0100%	8h	121.33	long leg	$1.3M	$1.2M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.26	−0.058%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.24	−0.074%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.25	−0.066%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.31	−0.016%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.27	−0.049%	$27K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0245%	1h	121.27	−0.049%	$7K	$55K	10x	as long as short