Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%

Price spread now: Bitget against Pacifica+0.220%52s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.220%, 7d avg +0.062%

Together, before fees−0.377%+ Points / potential airdropPacifica: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.159% dearer against Pacifica than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.062%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. The two prices were read 52 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	Pacifica HOOD	121.16	0.0100	pay 0.0013% / 1h	47m 50s	$68K	$109K	10x
Short	Bitget HOODUSDT	121.43	0	get 0.0000% / 8h	3h 47m	$5.4M	$9.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$21
Price spread: +0.220% → +0.062%: $15.85
Slippage, 4 orders: −$20.12
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.26
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Bitget: live order book, 1 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 Pacifica live order book, 5 min ago	2.02 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.47 bp	11.9 bp −$12	31.2 bp −$312	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	121.21	+0.039%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0094%	8h	121.41	+0.204%	$575K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.35	+0.152%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.33	+0.142%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.36	+0.165%	$20.9M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.33	+0.138%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.33	+0.138%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.26	+0.077%	$389K	$1.4M	10x	as long as short
Bitget HOODUSDTshort	0.0000%	8h	121.43	+0.220%	$5.4M	$9.6M	20x
Variational Omni HOOD	0.0000%	8h	121.29	+0.108%	$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	121.50	+0.278%	$850K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.29	+0.105%	$992K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.04	−0.102%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.17	+0.006%	$1.3M	$3.5M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0034%	1h	121.11	−0.044%	$251K	$344K	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.22	+0.047%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.28	+0.097%	$51.6M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.21	+0.039%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.15	−0.011%	$1.2M	$1.5M	15x	as long as short
Pacifica HOODlong	+0.0100%	1h	121.16	long leg	$68K	$109K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.38	+0.179%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.41	+0.204%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.32	+0.130%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.27	+0.091%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.052%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.24	+0.064%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.24	+0.064%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0216%	1h	121.31	+0.125%	$2.8M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0327%	1h	121.31	+0.121%	$6K	$57K	10x	as long as short
edgeX HOODUSDC	+0.0560%	4h	121.49	+0.270%	$366K	$304K	10x	as long as short