Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.008%

Price spread now: Bitget against Aevo+0.112%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Bitget is 0.112% dearer against Aevo than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HOOD-PERP	123.73	0.0104	pay 0.0013% / 1h	32m 11s	$16K	—	10x
Short	Bitget HOODUSDT	123.87	0.0063	get 0.0063% / 8h	3h 32m	$5.7M	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$8.61
Price spread: +0.112% → 0.000%: $11.2
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.41
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.43 bp	11.1 bp −$11	23.9 bp −$239	123.6 bp −$12.4K	doesn't fit

Aevo: 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
Polymarket Perps HOOD-USD	−0.0086%	1h	123.61	−0.098%	$258K	$280K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.69	−0.033%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.84	+0.088%	$4.1M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.92	+0.152%	$3.1M	$5.6M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.82	+0.071%	$409K	$1.5M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.79	+0.047%	$556K	$7.8M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	123.62	−0.093%	$2.4M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	123.65	−0.068%	$868K	$2.4M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.88	+0.120%	$1.0M	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.67	−0.050%	—	$63K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX HOOD-USD	+0.0050%	1h	123.82	+0.068%	$745	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.83	+0.080%	$1.4M	$1.3M	15x	as long as short
Extended HOOD_24_5-USD	+0.0056%	1h	123.85	+0.095%	$419K	$1.2M	10x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.87	+0.112%	$1.3M	$4.0M	10x	as long as short
Binance HOODUSDT	+0.0059%	8h	123.94	+0.169%	$23.9M	$83.8M	20x	as long as short
Bitget HOODUSDTshort	+0.0063%	8h	123.87	+0.112%	$5.7M	$9.2M	20x
Pacifica HOOD	+0.0100%	1h	123.88	+0.122%	$77K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.70	−0.025%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.57	−0.130%	$45K	$251K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.76	+0.023%	$2K	$2K	10x	as long as short
Aevo HOOD-PERPlong	+0.0104%	1h	123.73	long leg	$16K	—	10x
Injective HOOD/USDC PERP	+0.0156%	1h	123.45	−0.227%	$63K	$50K	30x	as long as short
BloFin HOOD-USDT	+0.0177%	8h	123.65	−0.066%	$190K	$119K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0205%	1h	123.67	−0.050%	$52.9M	$29.6M	10x	as long as short
Lighter HOOD	+0.0208%	1h	123.83	+0.078%	$3.2M	$1.8M	10x	as long as short
edgeX HOODUSDC	+0.0263%	4h	123.70	−0.023%	$372K	$306K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0304%	1h	123.21	−0.421%	$201K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0324%	1h	123.65	−0.066%	$28K	$188K	10x	as long as short
Arcus HOOD-USD	+0.0441%	1h	123.76	+0.023%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1287%	1h	123.82	+0.072%	$6K	$142K	10x	as long as short