Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Coinbase International against Orderly−0.909%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.909% cheaper against Orderly than usual: you would sell low and buy high (spread −0.909% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$91 on $10k: about 30 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	120.98	0.0100	pay 0.0100% / 8h	7h 20m	$2K	$2K	10x
Short	Coinbase International HOOD-PERP-INTX	119.88	0.0200	get 0.0025% / 1h	20m 18s	$195K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.909%Rate

Funding earned: $21
Price spread: −0.909% → 0.000%: −$90.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$85.92
Costs to cover: 0.160%
Break-even: 35.6 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	7.48 bp	12.5 bp −$12	17.2 bp −$172	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	120.50	−0.397%	$25K	$89K	30x	as long as short
Aster HOODUSDT	0.0000%	8h	120.88	−0.083%	$109K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.04	+0.051%	$357K	$2.3M	10x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.05	+0.058%	$2.7M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.00	+0.017%	$598K	$7.1M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.05	+0.058%	$5.5M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.05	+0.056%	$2.2M	$977K	—	as long as short
Phemex HOODUSDT	0.0000%	8h	121.07	+0.074%	$991K	$8K	10x	as long as short
Binance HOODUSDT	+0.0001%	8h	121.05	+0.058%	$20.9M	$90.9M	20x	as long as short
Vest HOOD-USD-PERP	+0.0003%	1h	120.77	−0.174%	—	$64K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HOODUSDT	+0.0009%	8h	121.07	+0.074%	$3.7M	$8.1M	25x	as long as short
QFEX HOOD-USD	+0.0038%	1h	120.97	−0.008%	$1.3M	$2.8M	10x	as long as short
Lighter HOOD	+0.0040%	1h	120.92	−0.045%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.90	−0.066%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.94	−0.033%	$51.1M	$26.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.92	−0.050%	$252K	$336K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.85	−0.107%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.91	−0.060%	$74K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.82	−0.132%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.25	−0.603%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	120.98	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.05	+0.059%	$16K	—	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0115%	8h	120.42	−0.463%	$852K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.97	−0.008%	$175K	$176K	20x	as long as short
Phoenix HOOD	+0.0133%	1h	120.29	−0.570%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0200%	1h	119.88	−0.909%	$195K	$1.8M	10x
SoDEX HOOD-USD	+0.0248%	1h	120.93	−0.044%	$721	$4K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0411%	1h	121.04	+0.050%	$6K	$53K	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	121.01	+0.025%	$428K	$1.3M	10x	as long as short
edgeX HOODUSDC	+0.0499%	4h	120.19	−0.652%	$362K	$303K	10x	as long as short