Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.098%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.098% cheaper against Phemex than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex HOODUSDT	121.87	0	get 0.0000% / 8h	6h 14m	$997K	$9K	10x
Short	Vest HOOD-USD-PERP	121.75	0.0028	get 0.0003% / 1h	14m 16s	—	$63K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.098%Rate

Funding earned: $5.83
Price spread: −0.098% → 0.000%: −$9.85
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$18.02
Costs to cover: 0.140%
Break-even: 28.6 days

Slippage unknown: Phemex: live order book, 38 min ago; Vest: no order-book sample. 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, 38 min ago	1.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 29 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	−0.0131%	1h	121.70	−0.139%	$253K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.94	+0.056%	$107K	$274K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.86	−0.012%	$359K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.90	+0.026%	$21.1M	$90.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.87	0.000%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.87	0.000%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.86	−0.012%	$375K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.88	+0.008%	$576K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.92	+0.041%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.84	−0.023%	$2.3M	$1.1M	—	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.81	−0.048%	$854K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.86	−0.008%	$8K	$68K	10x	as long as short
Phemex HOODUSDTlong	0.0000%	8h	121.87	long leg	$997K	$9K	10x
Vest HOOD-USD-PERPshort	+0.0028%	1h	121.75	−0.098%	—	$63K	25x
Lighter HOOD	+0.0032%	1h	121.90	+0.027%	$2.9M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.85	−0.016%	$1.3M	$3.9M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.80	−0.057%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.87	+0.002%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.72	−0.123%	$1.2M	$1.6M	15x	as long as short
tradeXYZ xyz:HOOD	+0.0061%	1h	121.86	−0.008%	$52.4M	$28.0M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.78	−0.074%	$195K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.85	−0.012%	$68K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.93	+0.049%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.78	−0.074%	$5K	$91K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.90	+0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.85	−0.015%	$16K	—	10x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.402%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.96	+0.074%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0462%	4h	121.79	−0.064%	$367K	$305K	10x	as long as short