Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.014%

Price spread now: QFEX against OKX+0.016%7-day average −0.050% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.016%, 7d avg −0.050%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.066% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HOOD-USDT-SWAP	121.71	0	get 0.0000% / 8h	5h 25m	$2.7M	$6.0M	20x
Short	QFEX HOOD-USD	121.73	0.0024	get 0.0003% / 1h	25m 09s	$1.3M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $5.09
Price spread: +0.016% → −0.050%: $6.59
Slippage, 4 orders: −$17.12
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.44
Costs to cover: 0.371%
Break-even: 42.0 days

Slippage from OKX: live order book, 3 min ago; QFEX: live order book, 3 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 OKX live order book, 3 min ago	1.23 bp	12.0 bp −$12	28.7 bp −$287	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.06 bp	7.2 bp −$7	8.4 bp −$84	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	−0.0127%	1h	121.54	−0.140%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.71	+0.004%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.67	−0.035%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.74	+0.023%	$21.1M	$90.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.73	+0.016%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	121.71	long leg	$2.7M	$6.0M	20x
RISEx HOOD/USDC	0.0000%	1h	121.69	−0.012%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.75	+0.033%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.76	+0.041%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.69	−0.016%	$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	−0.050%	$854K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.76	+0.041%	$996K	$8K	10x	as long as short
QFEX HOOD-USDshort	+0.0024%	1h	121.73	+0.016%	$1.3M	$3.7M	10x
Vest HOOD-USD-PERP	+0.0026%	1h	121.60	−0.090%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.67	−0.033%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.73	+0.016%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.68	−0.028%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.74	+0.025%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.140%	$194K	$1.9M	10x	as long as short
Lighter HOOD	+0.0088%	1h	121.69	−0.013%	$2.8M	$3.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.70	−0.006%	$68K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.75	+0.033%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.61	−0.082%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.70	−0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.67	−0.029%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.75	+0.033%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.71	0.000%	$28K	$239K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0326%	1h	121.68	−0.025%	$7K	$68K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.288%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0422%	4h	121.63	−0.066%	$366K	$303K	10x	as long as short