Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: Variational Omni against tradeXYZ+0.138%7-day average +0.081% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.138%, 7d avg +0.081%

Together, before fees−0.113%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.081%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 4 days (−0.027% in total) that is about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HOOD	120.49	0.0050	pay 0.0006% / 1h	30m 54s	$51.1M	$26.9M	10x
Short	Variational Omni HOOD	120.66	0	get 0.0000% / 8h	30m 54s	$2.2M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.138%Rate

Funding earned: −$10.5
Price spread: +0.138% → +0.081%: $5.76
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.74
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Variational Omni: RFQ quote, 3 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 tradeXYZ live order book, 9 min ago	0.83 bp	10.8 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.10 bp	doesn't fit	27.7 bp −$277	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	−0.008%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0175%	8h	120.58	+0.075%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0095%	8h	120.62	+0.108%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.59	+0.084%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.53	+0.031%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.56	+0.058%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.57	+0.066%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.54	+0.041%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOODshort	0.0000%	8h	120.66	+0.138%	$2.2M	$1.0M	—
GRVT HOOD_USDT_Perp	0.0000%	8h	120.58	+0.074%	$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 HOODUSDT	0.0000%	8h	120.56	+0.058%	$986K	$8K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0002%	1h	120.40	−0.075%	$251K	$345K	10x	as long as short
Vest HOOD-USD-PERP	+0.0020%	1h	120.38	−0.091%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.52	+0.025%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.57	+0.066%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOODlong	+0.0050%	1h	120.49	long leg	$51.1M	$26.9M	10x
SoDEX HOOD-USD	+0.0050%	1h	120.52	+0.027%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.49	0.000%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0088%	1h	120.53	+0.034%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.57	+0.066%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.60	+0.091%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.46	−0.025%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.56	+0.058%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.54	+0.042%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.57	+0.066%	$173K	$175K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.47	−0.017%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.55	+0.050%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.61	+0.096%	$397K	$1.4M	10x	as long as short
edgeX HOODUSDC	+0.0663%	4h	120.58	+0.076%	$363K	$305K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0746%	1h	120.56	+0.058%	$6K	$52K	10x	as long as short