Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h +0.174%

Price spread now: edgeX against Polymarket Perps−0.051%7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.526%+$53 on $10k

Price spread, last 4 days (all we have)+0.534%+$53 · spread now −0.051%, 7d avg +0.149%

Together, before fees+1.060%+ Points / potential airdropedgeX: Active · farm board+$106 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.200% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.149%). If the spread goes back, that is −$20 on $10k: about 32 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HOOD-USD	121.42	−0.0127	get 0.0016% / 1h	37m 32s	$252K	$344K	10x
Short	edgeX HOODUSDC	121.36	0.0374	get 0.0187% / 4h	2h 37m	$365K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Polymarket Perps. 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 Polymarket PerpsbpFee edgeXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $105.2
Price spread: −0.051% → +0.149%: −$19.96
Slippage, 4 orders: −$17.71
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $50.53
Costs to cover: 0.347%
Break-even: 3.6 days

Slippage from Polymarket Perps: live order book, 30 min ago; edgeX: live order book, 31 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 Polymarket Perps live order book, 30 min ago	1.22 bp	5.9 bp −$6	7.5 bp −$75	9.2 bp −$918	doesn't fit
Sell edgeX live order book, 31 min ago	6.52 bp	11.8 bp −$12	20.8 bp −$208	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
Polymarket Perps HOOD-USDlong	−0.0127%	1h	121.42	long leg	$252K	$344K	10x
Aster HOODUSDT	0.0000%	8h	121.58	+0.128%	$106K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.56	+0.119%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.58	+0.128%	$21.1M	$90.8M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.63	+0.173%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.67	+0.206%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.59	+0.144%	$373K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.61	+0.156%	$576K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.68	+0.214%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.58	+0.133%	$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	121.45	+0.022%	$853K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.53	+0.091%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.49	+0.058%	$994K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.60	+0.147%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.60	+0.148%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0034%	1h	121.50	+0.066%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.50	+0.066%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.47	+0.041%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	+0.074%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	0.000%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0066%	1h	121.55	+0.107%	$52.4M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.61	+0.156%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.57	+0.124%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.33	−0.074%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.59	+0.140%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	+0.056%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.478%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.033%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.74	+0.264%	$28K	$237K	10x	as long as short
edgeX HOODUSDCshort	+0.0374%	4h	121.36	−0.051%	$365K	$304K	10x