Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.115%

Price spread now: edgeX against Orderly−0.062%49s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.062% cheaper against Orderly than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	121.59	0.0100	pay 0.0100% / 8h	4h 09m	$2K	$2K	10x
Short	edgeX HOODUSDC	121.51	0.0257	get 0.0128% / 4h	9m 36s	$366K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $32.96
Price spread: −0.062% → 0.000%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.74
Costs to cover: 0.150%
Break-even: 4.5 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 49 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 edgeX live order book, 49 min ago	6.17 bp	11.4 bp −$11	20.4 bp −$204	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	121.28	−0.255%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0104%	1h	121.40	−0.156%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0068%	8h	121.63	+0.033%	$576K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.61	+0.019%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.61	+0.013%	$361K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.63	+0.033%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.62	+0.025%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.59	0.000%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.64	+0.037%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.67	+0.066%	$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	121.52	−0.060%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	−0.058%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.61	+0.016%	$995K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.43	−0.132%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.61	+0.016%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0040%	1h	121.61	+0.020%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.46	−0.107%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.54	−0.041%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.53	−0.051%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.37	−0.181%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.403%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.60	+0.012%	$68K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.61	+0.016%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.43	−0.132%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	121.59	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.58	−0.006%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.50	−0.074%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	−0.090%	$28K	$238K	10x	as long as short
edgeX HOODUSDCshort	+0.0257%	4h	121.51	−0.062%	$366K	$304K	10x
Deribit HOOD_USDC-PERPETUAL	+0.0573%	1h	121.62	+0.025%	$6K	$56K	10x	as long as short