Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.047%

Price spread now: Coinbase International against Phemex+0.075%7-day average −0.172% · you sell dearer than you buy

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

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.075%, 7d avg −0.172%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.246% dearer against Phemex than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex HOODUSDT	120.58	0	get 0.0000% / 8h	32m 22s	$987K	$8K	10x
Short	Coinbase International HOOD-PERP-INTX	120.67	0.0192	get 0.0024% / 1h	32m 22s	$197K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.075%Rate

Funding earned: $40.32
Price spread: +0.075% → −0.172%: $24.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $42.95
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Phemex: live order book, 55 min ago; Coinbase International: live order book, 1 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 Phemex live order book, 55 min ago	7.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.73 bp	9.6 bp −$10	15.2 bp −$152	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	120.48	−0.083%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0176%	8h	120.61	+0.025%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0091%	8h	120.62	+0.033%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.57	−0.004%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.53	−0.044%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.54	−0.033%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.56	−0.017%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.55	−0.025%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.66	+0.063%	$2.2M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.58	−0.001%	$852K	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDTlong	0.0000%	8h	120.58	long leg	$987K	$8K	10x
Polymarket Perps HOOD-USD	+0.0001%	1h	120.34	−0.199%	$251K	$345K	10x	as long as short
edgeX HOODUSDC	+0.0017%	4h	120.74	+0.132%	$363K	$304K	10x	as long as short
Vest HOOD-USD-PERP	+0.0020%	1h	120.36	−0.182%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.53	−0.041%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.55	−0.025%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.49	−0.075%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.56	−0.015%	$722	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.49	−0.075%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0088%	1h	120.55	−0.027%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.53	−0.045%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.57	−0.008%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.50	−0.066%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.58	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.55	−0.028%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.59	+0.008%	$173K	$170K	20x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0192%	1h	120.67	+0.075%	$197K	$1.8M	10x
Phoenix HOOD	+0.0265%	1h	120.71	+0.108%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.62	+0.033%	$397K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0580%	1h	120.58	0.000%	$6K	$52K	10x	as long as short