Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against Orderly−0.025%55s7-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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.025% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	121.60	0.0100	pay 0.0100% / 8h	4h 59m	$2K	$2K	10x
Short	tradeXYZ xyz:HOOD	121.57	0.0050	get 0.0006% / 1h	59m 29s	$51.9M	$28.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$10.5
Price spread: −0.025% → 0.000%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.97
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	1.23 bp	10.8 bp −$11	15.1 bp −$151	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
Polymarket Perps HOOD-USD	−0.0231%	1h	121.42	−0.148%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.67	+0.058%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.61	+0.005%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.62	+0.016%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.60	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.59	−0.008%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.64	+0.033%	$398K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.70	+0.082%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.72	+0.099%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.71	+0.092%	$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	121.70	+0.081%	$853K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.67	+0.058%	$995K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0024%	1h	121.54	−0.049%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.63	+0.025%	$1.3M	$3.7M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.63	+0.025%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOODshort	+0.0050%	1h	121.57	−0.025%	$51.9M	$28.1M	10x
SoDEX HOOD-USD	+0.0050%	1h	121.63	+0.028%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.50	−0.082%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.049%	$194K	$1.9M	10x	as long as short
Lighter HOOD	+0.0096%	1h	121.63	+0.022%	$2.8M	$3.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.64	+0.033%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.69	+0.074%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.68	+0.066%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	121.60	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.61	+0.011%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.71	+0.090%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.66	+0.049%	$28K	$237K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0326%	1h	121.63	+0.025%	$7K	$68K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.197%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0734%	4h	121.70	+0.082%	$366K	$306K	10x	as long as short