Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.015%

Price spread now: Orderly against QFEX−0.033%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.033% cheaper against QFEX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX HOOD-USD	120.39	0.0038	pay 0.0005% / 1h	34m 51s	$1.3M	$2.8M	10x
Short	Orderly PERP_HOOD_USDC_mythos	120.35	0.0100	get 0.0100% / 8h	7h 34m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against QFEX. 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 QFEXbpFee OrderlybpOrdersPrice spread, now −0.033%Rate

Funding earned: $13.04
Price spread: −0.033% → 0.000%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.29
Costs to cover: 0.160%
Break-even: 10.4 days

Slippage unknown: QFEX: live order book, 3 min ago; Orderly: 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 QFEX live order book, 3 min ago	1.25 bp	6.4 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Injective HOOD/USDC PERP	−0.0440%	1h	119.92	−0.390%	$58K	$61K	30x	as long as short
Bitget HOODUSDT	−0.0060%	8h	120.38	−0.008%	$5.5M	$9.8M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.37	−0.016%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.36	−0.026%	$355K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.35	−0.033%	$20.8M	$91.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.33	−0.050%	$3.7M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.38	−0.008%	$2.7M	$6.2M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	120.37	−0.017%	$600K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	120.36	−0.025%	$2.2M	$980K	—	as long as short
Phemex HOODUSDT	0.0000%	8h	120.35	−0.033%	$985K	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0006%	1h	120.19	−0.166%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.35	−0.032%	$2.8M	$3.1M	10x	as long as short
QFEX HOOD-USDlong	+0.0038%	1h	120.39	long leg	$1.3M	$2.8M	10x
Arcus HOOD-USD	+0.0040%	1h	120.32	−0.058%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.31	−0.066%	$50.8M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.31	−0.066%	$251K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.35	−0.034%	$718	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.24	−0.125%	$1.2M	$1.4M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0082%	1h	120.36	−0.025%	$6K	$53K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.35	−0.033%	$74K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.38	−0.008%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.27	−0.100%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythosshort	+0.0100%	8h	120.35	−0.033%	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	120.34	−0.042%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.41	+0.017%	$173K	$175K	20x	as long as short
Phoenix HOOD	+0.0133%	1h	120.31	−0.066%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	119.88	−0.424%	$195K	$1.8M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0243%	8h	120.31	−0.070%	$852K	$1.9M	10x	as long as short
edgeX HOODUSDC	+0.0292%	4h	120.34	−0.041%	$362K	$303K	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	120.41	+0.019%	$418K	$1.4M	10x	as long as short