Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%

Price spread now: SoDEX against Variational Omni−0.046%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HOOD	121.59	0	get 0.0000% / 8h	5h 49m	$2.3M	$1.1M	—
Short	SoDEX HOOD-USD	121.53	0.0050	get 0.0006% / 1h	49m 55s	$732	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. 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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $10.5
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$2.13
Costs to cover: 0.080%
Break-even: 8.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SoDEX: 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 Variational Omni RFQ quote, 4 min ago	3.21 bp	doesn't fit	21.8 bp −$218	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0194%	1h	121.35	−0.198%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.57	−0.022%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.54	−0.039%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.58	−0.013%	$21.1M	$90.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.58	−0.009%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.57	−0.018%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.56	−0.024%	$376K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.61	+0.015%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.60	+0.007%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOODlong	0.0000%	8h	121.59	long leg	$2.3M	$1.1M	—

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	121.61	+0.015%	$858K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.53	−0.050%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.57	−0.018%	$994K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.55	−0.034%	$1.3M	$3.8M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.45	−0.116%	—	$62K	25x	as long as short
Lighter HOOD	+0.0040%	1h	121.56	−0.023%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.57	−0.018%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.54	−0.042%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USDshort	+0.0050%	1h	121.53	−0.046%	$732	$4K	10x
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.49	−0.083%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.042%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.60	+0.011%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.60	+0.007%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.62	+0.024%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.55	−0.034%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.51	−0.064%	$16K	—	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.59	−0.001%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.40	−0.157%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0404%	4h	121.56	−0.025%	$366K	$304K	10x	as long as short