Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.092%

Price spread now: edgeX against Arcus+0.108%54s7-day average +0.073% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.412% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.108%, 7d avg +0.073%

Together, before fees−0.180%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.035% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.073%. Mind the row above: over the last 4 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HOOD-USD	121.20	0.0040	pay 0.0005% / 1h	42m 05s	$1.1M	$1.7M	10x
Short	edgeX HOODUSDC	121.33	0.0073	get 0.0037% / 4h	3h 42m	$365K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $6.95
Price spread: +0.108% → +0.073%: $3.51
Slippage, 4 orders: −$27.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.75
Costs to cover: 0.412%
Break-even: 38.0 days

Slippage from Arcus: live order book, 2 min ago; edgeX: live order book, 11 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 Arcus live order book, 2 min ago	0.41 bp	11.7 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	5.76 bp	10.8 bp −$11	20.1 bp −$201	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	121.21	+0.008%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0101%	8h	121.21	+0.008%	$574K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0010%	8h	121.23	+0.025%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.16	−0.029%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.13	−0.060%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.15	−0.039%	$20.8M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.18	−0.017%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.21	+0.008%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.18	−0.020%	$389K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.32	+0.102%	$2.3M	$1.1M	—	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	121.28	+0.064%	$848K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.20	0.000%	$991K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	121.00	−0.165%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.18	−0.017%	$1.3M	$3.4M	10x	as long as short
Arcus HOOD-USDlong	+0.0040%	1h	121.20	long leg	$1.1M	$1.7M	10x
tradeXYZ xyz:HOOD	+0.0050%	1h	121.12	−0.066%	$51.5M	$28.3M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	121.00	−0.165%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.17	−0.026%	$729	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.16	−0.033%	$1.2M	$1.5M	15x	as long as short
edgeX HOODUSDCshort	+0.0073%	4h	121.33	+0.108%	$365K	$305K	10x
Pacifica HOOD	+0.0100%	1h	121.20	−0.002%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.21	+0.008%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.24	+0.033%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.15	−0.041%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.15	−0.041%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.083%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.25	+0.041%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.34	+0.116%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0184%	1h	121.18	−0.017%	$2.8M	$3.1M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0493%	1h	121.17	−0.025%	$6K	$57K	10x	as long as short