Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0640%/8h= −70.1% APRpaid last 24h −0.033%

Price spread now: Gate against RISEx+0.010%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.202%−$20 on $10k

Price spread, last 5 days (all we have)−0.157%−$16 · spread now +0.010%, 7d avg −0.037%

Together, before fees−0.359%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.048% dearer against RISEx than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.037%): +$5 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.202% in total) that is about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.202% in total (about -19.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HOOD/USDC	120.49	0.0479	pay 0.0060% / 1h	4m 07s	$417K	$1.4M	10x
Short	Gate HOOD_USDT	120.50	−0.0161	pay 0.0161% / 8h	4m 07s	$598K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$134.38
Price spread: +0.010% → −0.037%: $4.76
Slippage, 4 orders: −$16.25
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$166.87
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Gate: live order book, 4 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 RISEx live order book, 5 min ago	0.41 bp	3.4 bp −$3	5.2 bp −$52	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.41 bp	20.8 bp −$21	70.2 bp −$702	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	120.22	−0.222%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0164%	8h	120.52	+0.027%	$5.5M	$9.9M	20x	as long as short
Gate HOOD_USDTshort	−0.0161%	8h	120.50	+0.010%	$598K	$7.6M	50x
Polymarket Perps HOOD-USD	−0.0028%	1h	120.29	−0.164%	$251K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.47	−0.018%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.47	−0.014%	$358K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.50	+0.010%	$20.8M	$91.8M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.42	−0.056%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.43	−0.048%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.39	−0.082%	$2.2M	$1.0M	—	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	120.38	−0.088%	$847K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.50	+0.010%	$986K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.25	−0.197%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.33	−0.131%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.44	−0.040%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.40	−0.073%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.45	−0.030%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.28	−0.172%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0072%	1h	120.45	−0.027%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.41	−0.065%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.47	−0.015%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.35	−0.114%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.45	−0.031%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.43	−0.047%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.45	−0.031%	$173K	$175K	20x	as long as short
edgeX HOODUSDC	+0.0143%	4h	120.38	−0.087%	$362K	$304K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.33	−0.131%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.38	−0.089%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0415%	1h	120.47	−0.015%	$6K	$52K	10x	as long as short
RISEx HOOD/USDClong	+0.0479%	1h	120.49	long leg	$417K	$1.4M	10x